Short Answer 
In a socialist system, the government controls production, distribution, and exchange of goods to promote equality and fair wealth distribution. It also plays a vital role in economic planning and provides essential services like healthcare and education to all citizens, ensuring accessibility regardless of economic status.
Step 1: Government Control of Production
In a socialist system, the government takes charge of the production, distribution, and exchange of goods and services. This control ensures that essential resources are available to all citizens. By managing these aspects, the government aims to eliminate inequalities and make sure that wealth is more evenly distributed among society.
Step 2: Economic Planning and Decision Making
The government plays a critical role in planning the economy. This involves making key decisions regarding what goods should be produced, how prices are set, and determining wages for workers. By doing this, the government tries to secure a fair system that benefits the community and meets the social needs of its population.
Step 3: Provision of Essential Services
One of the fundamental goals of socialism is to provide essential services such as healthcare and education to all individuals. The government typically invests in these sectors to ensure that everyone has access, regardless of their economic status. For example, in countries like Sweden, government initiatives include free healthcare and education funded through taxes and wealth redistribution programs.