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Q: In a socialist economy the government takes a laissez-faire approach to the economy?
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What goals does the government pursue in a socialist economy?

Equity


Which term best describes the type of economy Libya has?

socialist The Libyan economy is controlled by the government.


In both the socialist and communist the government will have a large influence on the economy?

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The USA has a mixed economy with a considerably large, but declining, private sector.


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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.


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In a socialist society, various political systems may be combines with public control of the economy.


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