The government of Bakhraan, an Asian country, owns key industries that directly affect public welfare, such as healthcare and telecommunications. To fund public welfare schemes, such as free childcare and free education, the government levies high taxes on its citizens. In the given scenario, the economic system followed by Bakhraan is _____.

Question

Quizplus · Accepted Answer

The scenario describes a system where the government owns key industries and provides public welfare through high taxes, which aligns with socialism.

The Government of Bakhraan, an Asian Country, Owns Key Industries