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:In a capitalist system, the means of production is…The warehouse that is owned and controlled by the…In a socialist economy, prices of commodities are…In a capitalist economy; factors of production are…Resources owned and controlled by a business are…