Role of the government play in socialism is discussed below.
Explanation:
Socialism is an economic and political arrangement. It is a financial system of social structure.
It assumes that the means of producing, transferring, and exchanging money should be maintained or regulated by the operators.
Under a socialist economy, the administration presents a broad function in nearly all commercial exercises, such as creation, delivery, and consumption, of a country.
Socialism<span> means production to satisfy human needs, not as under capitalism, for sale and profit. </span>Socialism<span> means direct control and management of the industries and social services by the workers through a democratic </span>government<span> based on their nationwide economic organization.</span>
