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:The three broad categories of productions are?In a socialist economy; private accumulation of wealth is?Under the socialist economy, the decision on what to…An economic system in which most means of production…In a socialist economy, factors of production are…