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18 March, 07:15

According to Socialists, what parts of the economy should the government control?

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Answers (2)
  1. 18 March, 07:22
    0
    Most of it.

    Explanation:

    A socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use). "Production under socialism would be directly and solely for use.
  2. 18 March, 07:43
    0
    In a capitalist economy, the government acts as a regulatory and complementary body. On the other hand, in a socialist economy, the government plays a comprehensive role in almost all economic activities, such as production, distribution, and consumption, of a nation.
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