Until recently, Latin America largely practiced ________, meaning that the government owned and supervised large parts of the economy.

Question

Quizplus · Accepted Answer

Statism is the correct answer because it refers to a political system in which the state has substantial centralized control over social and economic affairs, including the ownership and management of significant sectors of the economy. This has been a common practice in various Latin American countries, where the government has historically played a major role in controlling and operating key industries.

Until Recently, Latin America Largely Practiced ________, Meaning That the Government