Which economic model gives government a significant role in directing a country's economy?

Question

Quizplus · Accepted Answer

The Statist economic model gives government a significant role in directing a country's economy. In this model, the government controls major industries and resources and plays a central role in economic decision-making. This is different from a free-market model, where the government has a limited role in the economy and economic decisions are primarily driven by market forces.

Which Economic Model Gives Government a Significant Role in Directing