Which economic system is characterized by government control over resources?

The economic system characterized by government control over resources is socialism. In this system, the government typically owns or regulates the means of production and distribution of goods and services. The primary aim of socialism is to promote social welfare and reduce inequality by ensuring that resources are allocated in a way that benefits the broader society rather than individual profit motives.

In socialism, the government plans and manages the economy to meet the needs of the population, ensuring that basic necessities such as healthcare, education, and housing are accessible to all. This contrasts clearly with capitalism, where resources and means of production are privately owned, and market forces drive economic decisions.

Anarchism, on the other hand, advocates for a stateless society where there is no government control, and federalism refers to a system of government where power is divided between a central authority and various regional entities. Thus, these terms do not encapsulate the concept of government control over resources as effectively as socialism does.