Market socialism

Market socialism is an economic system where people can own and use businesses but the government also plays a role in making sure that everyone’s needs are met. In a market socialist system, businesses are owned by the public, and people are able to choose what company they want to buy from and sell to. The government is involved to make sure that businesses don’t price gouge or take too much money from people. So the government sets rules about how much people can charge for things and makes sure everyone can get what they need.