Socialist-oriented market economy

A socialist-oriented market economy is like a mix between two types of economies. A capitalist economy, where businesses are privately owned, and a socialist economy, where the government has more control over the economy. In a socialist-oriented market economy, businesses might still be privately owned, but the government has the power to decide things like how much business owners can charge for their products. They also have the power to help different industries or companies that need more help or protection, like farmers or small businesses. The government also provides public services like healthcare and education that everyone can have access to. In this type of economy, both businesses and the government are working together to try to make sure everyone has enough money and food to take care of themselves.