In a socialist economy, the means of productions owned and controlled by the? By: Sunday|Published on: May 25|Categories: Economics WAEC| 0 comments A. state B. rich C. entreprenuer D. traders Correct Answer: Option A A. state Users Also Read These:One of the fundamental differences between a…In a socialist economy; private accumulation of wealth is?In a capitalist system, the means of production is…In a capitalist economy; factors of production are…In a socialist economy, factors of production are…SEE ALSO Which of the following is obtainable in a perfect market?