In a particular country, the government owns all the transportation companies, the utilities, the energy suppliers, and major manufacturing firms. Small businesses are privately owned. What type of economic system does this country have?

Question

Quizplus · Accepted Answer

The government owning transportation companies, utilities, energy suppliers, and major manufacturing firms points to a socialist economic system. However, the presence of privately owned small businesses suggests a mixed economy.

In a Particular Country, the Government Owns All the Transportation