The above statement on the distribution of goods and services in a socialist economy is false.
Facts about Socialist Economies
- The goal is to ensure that everyone gets enough to eat
- Believes that everyone owns the means of production
As the goal is equality, goods and services are not based on consumer spending but rather on the needs and wants of the people.
In conclusion, this is false.
Find out more on socialism at https://brainly.com/question/18627414.
