Question

question 17 (mandatory) (3.0303 points)
an economy in which the means of production are privately owned but the government plays a significant role is called

a) socialism.

b) communism.

c) a mixed economy.

d) capitalism.

Explanation:

• Socialism typically involves public/collective ownership of production means.
• Communism is a classless system with common ownership of production.
• Capitalism features private ownership with minimal government intervention.
• A mixed economy combines private ownership of production means with significant government involvement in the economy, matching the given definition.

Answer:

c) a mixed economy.