In a particular country,the government owns the public transportation,basic services like energy supply and communication,and the core manufacturing firms.Small businesses are privately owned.What type of economic system does this country have?

Question

Quizplus · Accepted Answer

Based on the provided information, the economic system of the country is Socialism. This is because the government owns and controls the public transportation, basic services, and core manufacturing firms which are essential for the economy and its citizens. Meanwhile, small businesses are still privately owned which allows for some degree of individualism in the system.

In a Particular Country,the Government Owns the Public Transportation,basic Services