<u>Answer:</u>
<em>Socialism is an economic system in which the government controls the resources and gives them to meet social requirements.</em>
<u>Explanation:</u>
Socialism is an industrial and political system.
It is an <em>economic idea of social organization.</em>
Socialism believes that the things that are related to money are under the rule of the government.
That means the government will take care about money and meets the needs of public.
People who are using these needs are called as <em>socialists.</em>
B. The idea that business operates best without regulation is your answer
"Liassez faire" is a belief that businesses operates best and competition is broader (to ensure that monopolisation is difficult), when there is little to no regulations that stops people from joining a certain type of business.
hope this helps
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