In a socialist economy, the means of productions owned and controlled by the? By: Sunday|Published on: May 25|Categories: Economics WAEC| 0 comments A. state B. rich C. entreprenuer D. traders Correct Answer: Option A A. state Users Also Read These:In a socialist economy, factors of production are…An economic system in which most means of production…One of the fundamental differences between a…Privatization of government-owned companies means the?In a socialist economy; private accumulation of wealth is?SEE ALSO The price elasticity of supply of perishable goods is _________?