_____ is an economic system in which the government owns all of a nation's major industries but still allows private ownership in less crucial areas.

Question

Quizplus · Accepted Answer

Socialism is an economic system in which the major industries are owned and controlled by the government, but private ownership is allowed in other areas. In a socialist system, the government may also distribute resources and wealth more equally among the population.

_____ Is an Economic System in Which the Government Owns