False
Equity
True
India is not a socialist republic. While the government controls a good deal of the economy, India has been moving towards a free market economy rapidly.
the government
In a socialist government, the government decides what will be taught in schools and what will be sold in stores.
Equity
socialist The Libyan economy is controlled by the government.
True
The USA has a mixed economy with a considerably large, but declining, private sector.
True
India is not a socialist republic. While the government controls a good deal of the economy, India has been moving towards a free market economy rapidly.
the government
In a socialist government, the government decides what will be taught in schools and what will be sold in stores.
Belgium is a mixed economy which is considered to be under the socialist system of governance. A mixed economy is where there participation from private entrepreneurs and the government.
In a socialist society, various political systems may be combines with public control of the economy.
An example of a socialist economy is one in which the government has control over products being produced. China is one example of a socialist economy. Some other examples are Finland, Canada, Sweden, Norway, and the Netherlands.
Socialist economy is characterized by more government ownership and central planning.