A system in which the means of production is held in trust for the people by government is known as a?

By: |Published on: Aug 5|Categories: Economics WAEC| 0 comments

A. socialist economy
B. capitalist economy
C. subsistence economy
D. mixed economy

Correct Answer:

Option A – socialist economy

Users Also Read These:

SEE ALSO  One of the main achievements of the Economic Commission for Africa is?

Copyright warnings! Do not copy.