ELI5: Explain Like I'm 5

State capitalism

State capitalism is a type of economy where the government controls the businesses and industries in the country. The government decides how much and what kind of products should be produced, and how much money businesses can make from them. The government also controls prices and who gets to buy and sell things. In this system, the government acts as both a business owner and regulator. This type of system can help the country be successful by providing jobs, protecting the environment, and ensuring everyone gets fair wages and access to certain goods.