In which planned economic systems does the government own and operate selected major industries and sources of production? A. Socialism B. Communism C. Market D. Privatization E. Capitalism

The correct answer is A. Socialism. In a socialist economic system, the government typically owns and operates selected major industries and sources of production, while allowing for some level of private enterprise. This is different from communism, where the government owns and controls all means of production. Market economies are characterized by private ownership and operation of industries, while privatization refers to the transfer of ownership of state-owned enterprises to private entities. Capitalism is an economic system where private individuals and businesses own and operate the means of production.