Question

Abby left her native land in eastern europe to become a nanny for a family in a western suburb of chicago, illinois. one of the benefits of her arrangement was that she could attend the community college near her family's residence. when she arrived at her new job, she experienced some immediate differences. abby noted that public transportation in northern illinois was limited and expensive, making it difficult to get to school. for a negligible fee, the government in her native country provided public transportation to everyone. the economic system in abby's native country was more characteristic of ___________.

Answer 1

The answer would be socialism. This kind of economic system has an economic organisation in which the production methods are owned and regulated by the government. The production and distribution of products and factors of production are done by the state under the instruction of the planning commission.