Socialism is best described as
A) a kind of command economy in which the government owns and operates all industries.
B) a kind of command economy in which the government owns and operates large critical industries.
C) an economy that is free from any regulation or planning.
D) a market economy in which markets decide what,when,and how much to produce.
E) an economic system with elements of market economy,but not a planned economy.
Correct Answer:
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