This type of economic system uses public property ownership and private resource allocation decisions.
A)Command capitalism
B)Market socialism
C)Command socialism
D)Market capitalism

Question

Quizplus · Accepted Answer

Market socialism is an economic system that combines public ownership of certain key industries with private ownership of other resources and businesses. In this system, the government may own and control industries such as healthcare, transportation, and energy, but individuals and businesses are free to own and operate non-publicly owned enterprises. The market functions through supply and demand with prices determined in a competitive market, but social welfare programs and policies are generally more prevalent than in a pure market capitalist system.

This Type of Economic System Uses Public Property Ownership and Private