Economics WAEC

An economic system in which the state owns and controls the means of production is known as?
An economic system in which the state owns and controls the means of production is known as?An economic system in which the state owns and controls the means of production is known as?

A. free enterprise
B. socialist economy
C. mixed economy
D. capitalist economy
E. welfare company

Correct Answer:

Option B – socialist economy

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5 years ago

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