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3 votes
Which of the following would own or control key industries under socialism?

the government
entrepreneurs
investors
private corporations

asked
User Shantese
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8.3k points

1 Answer

10 votes

Answer:

the government.

Step-by-step explanation:

Socialism can be defined as an economic, social and political theory which asserts that the method of exchange, distribution, as well as the means of production of goods and services and ownership of properties should be controlled or regulated by the public (government) rather than the private sector. Thus, everyone living in the society has an equal share of the means of production used in producing the goods and services.

Hence, under socialism, the government own or control key industries. Some examples of socialist countries are Vietnam, Cuba, China,

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User Snowmantw
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