Which of the following describes socialism as practiced today in Sweden?

A. Firms are largely free to make their own production, distribution, and pricing decisions, and individuals depend largely on themselves for economic security.
B. The government does not attempt to manage the overall economy but owns a number of major industries and provides for people's basic economic needs.
C. The economy operates almost exclusively on private transactions.
D. The government manages the overall economy through ownership of most major industries, and it does not allow private property.
E. The government does little to manage the economy and owns no major industries, serving mainly to provide for people's basic economic needs.

Answer: B