In this econmic system, the government provides some basic services, such as medical care and housing. A capitalism B. communism C. socialism D.mixed?
The best answer is C. An economic system where the means of production are owned and utilized to satisfy needs of the people instead of focusing on profits is known as socialism. For this type of economic system, the government makes sure that social and economic equality is present for all the people. Due to this point of view, the government provides basic services such as medical care and housing.