Which statement explains why this is a description of a socialist country? workers are paid based on seniority. the government is making all the economic decisions. the factory is owned by individuals. the law of supply and demand determines price

The correct option here is the second option.

The socialist principles of economic equality stem from the idea that the government and therefore the people collectively should own the means of production. Thus in a socialist society all the economic decisions would be made by the government as they would own the economy.