Which of the following is not a typical attribute of a socialist country?

A) Taxes are very high,particularly on the wealthy classes.
B) Production is guided by the price system.
C) Government owns some of the means of production.
D) Cradle-to-grave security for its citizens.

Socialist Country

A nation where the government owns and controls major industries and resources, aiming to distribute wealth and opportunities more evenly.

Price System

The economic mechanism that uses prices derived from supply and demand interactions to allocate resources, distribute goods, and manage production.

Means of Production

The resources and infrastructure used to produce and distribute goods and services, including land, labor, capital, and technology.