In a socialist economy the government takes a laissez?

In a socialist economy, the government typically does not adopt a laissez-faire approach; instead, it actively intervenes in economic activities to promote social welfare and equitable distribution of resources. The state often owns or regulates key industries and services to ensure that basic needs are met for all citizens. This contrasts with laissez-faire principles, which advocate minimal government intervention in the economy, allowing market forces to drive production and distribution. Thus, socialism emphasizes collective ownership and planned economic activity rather than free-market dynamics.