state capitalism

State capitalism is an economic system where the government plays a central role in directing the economy and owning key industries, while still allowing some private enterprise. Unlike traditional capitalism, where private individuals and businesses operate independently to maximize profits, state capitalism combines state control with capitalist principles. This means the government may manage resources, set economic policies, and invest in industries, aiming for national economic growth and stability. Examples include countries like China and Russia, where the state has significant influence over major sectors while still encouraging private businesses in other areas.