Recently,Hugo Chavez,the Prime Minister of Venezuela,announced that he is standing behind the concept of state owned utilities,public schools,and the communications industry of his nation.Although not all industry is owned and managed by the government,his ideas would lead one to believe that he has a preference for:

Question

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Hugo Chavez's preference for state ownership and management of key industries indicates a preference for a socialist state, where the government controls and distributes resources and wealth in an attempt to create a more equal society.

Recently,Hugo Chavez,the Prime Minister of Venezuela,announced That He Is Standing