Moderate

_________ is a model whereby public funds are extensively used to promote economic development?

Correct answer: C. State capitalism

  • A. A welfare states
  • B. Democracy
  • C. State capitalism
  • D. Neo-democracy
  • E. A liberation government

Explanation

State capitalism uses government ownership, direction or public funds to drive economic development while retaining capitalist production. A welfare state mainly provides social protection, which is a different purpose.

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