Question

Which of the following is an economic system where the government wants to have some control in what the country produces, buys, and sells?

a. Capitalism
b. Realism
c. Socialism
d. Federalism

Answer 1

Socialism is the economic system where the government wants to have some control in what the country produces, buys, and sells. Hence, the correct answer is option (c).

Step-by-step explanation:

C. Socialism is the economic system where the government wants to have some control in what the country produces, buys, and sells. In a socialist system, the means of production are owned and controlled by the government or the community as a whole. This contrasts with capitalism, where production decisions are made by individuals and firms based on private ownership of resources.