In Socialist Economies, the Government Owns Some, If Not Most

question 83

True/False

In socialist economies, the government owns some, if not most, basic businesses such as telecommunications systems and utilities.

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Definitions:

Crime Rate

A measure of the number of reported crimes standardized by some unit of population or other relevant factor, over a specific time frame.

Per Capita Income

A nation’s total income per person.

Health Care

The organized provision of medical services to individuals or a community.

Transportation System

A transportation system encompasses all modes of transport and infrastructure required for the movement of goods and people, including roads, railways, airways, and waterways.