What is the role of the government in a socialist economy?

What is the role of the government in a socialist economy?

In a socialist economy, the role of the government is to have significant control and ownership over the means of production and distribution of goods and services. The government is responsible for planning and regulating economic activities, ensuring equitable distribution of resources and wealth, and providing essential services such as healthcare, education, and social welfare. The government also aims to minimize income inequality and promote social justice by implementing progressive taxation and wealth redistribution policies.