Imagine a system where there is significant control of industry but there are few welfare benefits paid out to citizens.Which of the following labels would best apply,given the circumstances?
A)laissez-faire system
B)socialist state
C)welfare state
D)statism

Question

Quizplus · Accepted Answer

This scenario describes a system of statism where the government exercises significant control over industry but does not provide extensive welfare benefits to citizens. In a socialist state, there would typically be a greater emphasis on government-provided social welfare programs. A welfare state would prioritize providing extensive welfare benefits to citizens. Laissez-faire would entail a hands-off approach to industry with little government intervention or regulation.

Imagine a System Where There Is Significant Control of Industry