What is socialism?
a) It is an economic system in which the government regulates the market/economy in some way. [Subject: Economics]

b) It is an economic system that is totally controlled by the government.

c) It is a form of government in which a king or queen holds all of the power to rule over their country.

d) It is an economic system that is not regulated by the government but is instead controlled by private companies and the market.