In the nation of Equalia,many businesses are privately owned,but the government owns some of the basic businesses and has developed many social programs designed to promote social equality.The economy of Equalia would be considered an example of:
A)pure capitalism.
B)socialism.
C)mercantilism.
D)communism.

Question

Quizplus · Accepted Answer

The fact that the government owns some businesses and has social programs designed to promote social equality indicates a socialist economy.

In the Nation of Equalia,many Businesses Are Privately Owned,but the Government