Question

question 16
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.

Explanation:

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

Answer:

The government owns or controls the major industries.