State capitalism facts for kids
State capitalism is an economic system where the state government controls most or all steps of making a product. Capitalism is an economic system calling for the private ownership of factories and everything needed to make a product - called the "means of production".
In Free-market capitalism, "private ownership" means that one, or a few, private owners who own a business have control over the means of production, even though the workers are the people who make the products.
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Benito Mussolini claimed that the modern phase of capitalism is state socialism "turned on its head".
State capitalism Facts for Kids. Kiddle Encyclopedia.