Question

which of the following statements about a socialist economic system is true?
the government owns or controls the major industries.
the government owns no major industries.
private individuals own and control the major industries.
private individuals own all companies and industries.
major industries are internationally - owned.
question 17
5 pts
individual ownership of property is a key element in:
socialism
capitalism

Explanation:

In a socialist economic system, the state often has significant ownership or control over major industries to ensure social - welfare and equitable distribution of resources.

Answer:

The government owns or controls the major industries.