In a socialist economy, the means of productions owned and controlled by the? by Sunday | May 25 | 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…A major disadvantage of a socialist economy is that?In a socialist economy, factors of production are…An economic system in which most means of production…In a capitalist system, the means of production is…