Situation in which the government owns some of the factors of production.

Explanation:

An economic system in which the government owns or controls nearly all factors of production; also known as communism.

This could be a form of communism

Explanation:

Communism is when the government owns and seizes most of the means of production. This is because communisms fights for the working class, and if business is in governmental control, everyone is provided for equally through their labor.

to reform the distraught soviet union, the democratization of the communist party was promoted through party secretary mikhail gorbachev's policies of “perestroika” and “glasnost.” perestroika refers to the reconstruction of the political and economic system established by the communist party.