Question

If the government owns and operates many of the nation's major industries-such as banks, airlines,railroads, and power plants-but allows individuals to own other 4es, including stores, farms,and factories, that nation's economic system is called _______.

Answer 1

If the government owns and operates many of the nation's major industries-such as banks, airlines,railroads, and power plants-but allows individuals to own other businesses, including stores, farms,and factories, that nation's economic system is called socialism.