Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

The idea that some basic businesses such as steel mills, coal mines, and utilities should be owned and controlled by the government is indicative of a(n) ______ economic system.

A. communist
B. free market
C. socialist
D. capitalist

Sagot :

GinnyAnswer

Final answer:

Socialism is an economic system where government owns and controls basic businesses, contrasting with capitalism where most property is privately owned.


Explanation:

Socialism is the economic system where basic businesses such as steel mills, coal mines, and utilities are owned and controlled by the government. This system contrasts with a capitalist economy, where most property is privately owned by individuals or corporations. Within socialism, there are differing views on the extent of government control over the economy.


Learn more about Economic Systems here:

https://brainly.com/question/39861932


Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.