An economic system that permits private ownership and control of small businesses but where the government controls large critical industries is known as
A) a mixed economy.
B) socialism.
C) communism.
D) capitalism.
E) mercantilism.

Question

Quizplus · Accepted Answer

Socialism is an economic system where the government controls major industries, while allowing private ownership of smaller businesses.

An Economic System That Permits Private Ownership and Control of Small