Government ownership in Sweden is limited primarily to railroads, mineral resources, a public bank, and liquor and tobacco operations. The government is also heavily involved in providing services such as medical care, child care, and transportation. Sweden exemplifies:

Question

Anton Gaines

Business

20 March, 20:20

Government ownership in Sweden is limited primarily to railroads, mineral resources, a public bank, and liquor and tobacco operations. The government is also heavily involved in providing services such as medical care, child care, and transportation. Sweden exemplifies:

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Answers (1)

Know the Answer?

Carlee Lawson · Answer 1

The options are given below

a. socialism.

b. social capitalism.

c. democratic socialism.

d. capitalism.

The correct option is C. democratic socialism.

Explanation:

Democratic socialism refers to a political idea that supports political democracy within an economy that is socially owned. In this philosophy, emphasis in placed on workers' self-management and the democratic control of economic institutions within a market socialist economy or some form of a planned socialist economy in which power is decentralized.

Democratic socialists believe that both the economy and society should be run democratically, in order to meet the needs of the general public, and not to make profits for a selected few.

In Democratic Socialism, the aim is not to create an all-powerful government bureaucracy, the belief is that, social and economic decisions should be made by those whom they most affect.