The Economic System Under Which Basic Industries Are Operated by the Government

question 9

Multiple Choice

The economic system under which basic industries are operated by the government or owned by the private sector under strong government control is called:

• A)capitalism
• B)socialism
• C)communism
• D)public enterprise
• E)laissez faire

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Definitions:

Pan-Africanism

A worldwide movement aiming to strengthen bonds of solidarity between all people of African descent, advocating for their rights and political unity.

Political Movement

A social group that operates within the political sphere with the goal of implementing changes in policy, social norms, or political structures.

Universal Negro Improvement Association

A Black nationalist fraternal organization founded in 1914, aiming to promote African communities globally.

Marcus Garvey

A Jamaican political leader, publisher, journalist, entrepreneur, and orator who was a staunch proponent of the Black nationalism and Pan-Africanism movements.