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Under socialism the "businesses" are out and out owned by the government. Under fascism, the "businesses" are in theory private, but are controlled and licensed by the government.

All governments to a certain degree have fascistic elements, as no business can be in business without complying with a variety of regulations, licenses and taxes.

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13y ago
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13y ago

communism

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Q: Under what economic system do all businesses operate only as direct by the government?
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