Some nations have an economic system where the government owns and operates the major industries. This system is called

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Quizplus · Accepted Answer

Capitalism is an economic system where private individuals and businesses own and operate the major industries. Communism is a political system where property and resources are owned and controlled by the community as a whole, and there is no private ownership. Fascism is a political system characterized by authoritarianism, nationalism, and often involves the suppression of individual liberties.

Only socialism is a system where the government (or the community as a whole) owns and operates the major industries, while still allowing for some private ownership and free market principles.

Some Nations Have an Economic System Where the Government Owns