_____ is an economic system in which the government owns and operates basic industries.
A)Collectivism
B)Capitalism
C)Socialism
D)Egalitarianism
E)Utilitarianism

Name: _____ is an economic system in which the government owns and operates basic industries. A)Collectivism B)Capitalism C)Socialism D)Egalitarianism E)Utilitarianism
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Question

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Socialism is the economic system where the government owns and controls the major industries, aiming to distribute resources and wealth more evenly across the population.

_____ Is an Economic System in Which the Government Owns