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An Economic System In Which Most Means Of Production Are Owned And Controlled By The State Is Known As A? - Erudites Academy

An economic system in which most means of production are owned and controlled by the State is known as a?

A. socialist economy
B. capitalist economy
C. mixed economy
D. political economy
E. feudal economy

Correct Answer:

Option A – socialist economy

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Tags: economics

5 years ago