Which of the following DO NOT describe the operation of a socialist economy?

Question

Quizplus · Accepted Answer

A laissez-faire economy is one where the government plays a minimal role in economic affairs and usually advocates for individual freedoms in trade and commerce. This is the opposite of a socialist economy where the government plays a significant role in controlling and regulating production and resources. Therefore, choice C, which describes a laissez-faire economy, does not describe the operation of a socialist economy.

Which of the Following DO NOT Describe the Operation of a Socialist