In a Socialist Economy, the Key Industries Are Owned and Controlled

question 128

True/False

In a socialist economy, the key industries are owned and controlled by the government.

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Definitions:

State Development

The process through which a centralized organization (the state) emerges and solidifies power within a society, often involving institution building and social stratification.

Leadership

The action of leading a group or organization, or the ability to do this.

Ancient Maya

A Mesoamerican civilization known for its hieroglyphic script, architecture, mathematics, calendar, and astronomical system, flourishing in present-day Mexico, Guatemala, Belize, Honduras, and El Salvador.

Calendar

A system of organizing days for social, religious, commercial, or administrative purposes, often based on lunar, solar, or lunisolar cycles.