Government ownership of industries is quite uncommon.

Question

Quizplus · Accepted Answer

While government ownership of industries is not the norm, it is not entirely uncommon either. In some countries, such as China and Cuba, the government controls a significant portion of the economy, including key industries such as energy, telecommunications, and transportation. In other countries, the government may own certain industries or companies, either as a result of historical factors or a decision to nationalize certain sectors. However, overall, private ownership of businesses and industries is the norm in most countries.

Government Ownership of Industries Is Quite Uncommon