What economic system, associated with fascism, involves cooperation between government and private industry?

Study for the Social Studies 30-1 Diploma Test. Prepare with flashcards and multiple choice questions, each question is accompanied by hints and detailed explanations. Get ready to excel in your exam!

The economic system associated with fascism that involves cooperation between government and private industry is known as the Corporate State. This model emphasizes the integration of state and corporate interests, where the government actively collaborates with industries to achieve national goals. In a Corporate State, the state regulates and guides the economy, striking a balance that is intended to promote national interests through the collective efforts of both the government and the private sector.

This cooperation often manifests in policies that favor large corporations and control aspects of the economy while suppressing labor movements and limiting competition. The aim is to unify the interests of the state with those of various businesses in a way that supports the overarching objectives of the regime.

Other economic systems mentioned in the options represent different ideologies and approaches to the relationship between government and economy. Capitalism relies on free market principles with minimal government intervention, socialism emphasizes collective ownership and wealth redistribution, and a mixed economy incorporates elements of both capitalism and socialism without the overarching characteristics of fascism. Hence, the Corporate State distinctly aligns with the fascist ideology of intertwining state power with corporate interests.

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