A. Private individuals control the economy
B. The workers are not exploited
C. Government controls the means of production
D. There is no class struggle
Correct Answer: Option C
C. Government controls the means of production
Explanation
State capitalism is an economic system in which the state undertakes commercial economic activity and where the means of production are organized and managed as state-owned business enterprises, or where there is otherwise a dominance of corporatized government agencies or of publicly listed corporations in which the state has controlling shares.
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets.
Do not confuse these two terms as they both mean two separate things. in a capitalist state, the government provides the framework for production activities and is in charge of economic activities within the state, while capitalism is one in which economic activities are carried out by private individuals with government supervision.
