Which of these statements does NOT accurately describe the economic system: SOCIALISM.
In this economic system, the government makes regulations (laws) for how workers should be
treated, building codes for how to build and maintain living and working spaces, and to keep products
safe for consumers. The government also helps unemployed and poor people with welfare and
medical care, and sometimes the government just controls entire industries (like fire departments,
schools, police departments, city sanitation, etc.).
This economic system revolves around private property. Products and services
are provided by individuals who sell on the open market based on supply and
demand.
This economic system seeks to address and limit worker exploitation (the abuse
of workers rights).
This economic system claims that the bourgeoisie (rich class) harms the
proletariat (working class) and seeks to eliminate these class differences to make
wealth more equal.