Asked by Samuel MacArthur on Jun 17, 2024
Verified
In the United Kingdom, the government owns the British Broadcasting Corporation, or BBC, which is the world's largest television and radio broadcasting service. This tells you that the United Kingdom is
A) an example of pure socialism.
B) deregulated.
C) partially socialist.
D) totally capitalist.
Partially Socialist
A term that describes a society or economic system that incorporates elements of socialism within a broader capitalist framework, combining government intervention with market freedom.
Pure Socialism
An economic and political system where the government or the community as a whole owns and controls the means of production, distribution, and exchange with the aim of equal wealth distribution and the elimination of classes.
- Understand the distinguishing features and definitions of economic systems such as capitalism, socialism, and communism.
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Learning Objectives
- Understand the distinguishing features and definitions of economic systems such as capitalism, socialism, and communism.
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