Yellow socialism

Yellow socialism is a term used in politics to describe a type of economic system and how resources are used. In yellow socialism, the government helps to guide the economy by planning what resources and products are created, along with setting the price for those things. This system goes beyond traditional government involvement in the economy, as the government has a more complete control over the production and distribution of resources and products. This type of system typically has a strong emphasis on social welfare, like providing health care, housing, and education for citizens. Yellow socialism also allows for entrepreneurs to start and run their own businesses, but with the government having a say in what they offer and what they can charge.