Under socialism, prices and wages are set by

o

the government.

the law of supply and demand

a committee of business leaders,

polítical leaders from all parties.

the government.

Explanation:

Socialism is a regime in which the government controls all indicators and parameters of the economy, such as price, quantity to be produced and wages. This is a type of regime that still works in authoritarian countries like North Korea and Cuba. In socialism there is no room for free enterprise common in capitalist economies.

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explanation:

max weber's 3 types of authority. the sociologist and philosopher  max weber  distinguishes  three types of authority—charismatic,  traditional  and legal-rational—each of which corresponds to a brand of  leadership that is operative in contemporary society.