Most European nations elect their leaders while allowing individuals to own property and businesses. They also tax the wealthy at high rates in order to pay for generous social welfare systems. This economic system is known as

Question

Quizplus · Accepted Answer

Democratic Socialist systems combine elements of democracy (such as elected leaders) with socialist policies like high taxation and extensive social welfare programs, which aligns with the description given.

Most European Nations Elect Their Leaders While Allowing Individuals to Own