Which of the following is true about a capitali... - WAEC Government 2011 Question

State capitalism is an economic system in which the state undertakes commercial economic activity and where the means of production are organized and managed as state-owned business enterprises, or where there is otherwise a dominance of corporatized government agencies or of publicly listed corporations in which the state has controlling shares. 

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets.

Do not confuse these two terms as they both mean two seperate things. in a capitalist state, the government providess the framework for production activities and are incharge of economic activities within the state, while capitalism is one in which economic activities are carried out by private individuals with government supervision.