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 economy; factors of production are…A warehouse owned and controlled by an independent…In a socialist economy; private accumulation of wealth is?Under the socialist economy, the decision on what to…A major disadvantage of a socialist economy is that?