In which economies, all productive resources are owned and controlled by the government? [#239] | SPPMMC

In which economies, all productive resources are owned and controlled by the government? [#239]

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Q1. In which economies, all productive resources are owned and controlled by the government?
Q1. In which economies, all productive resources are owned and controlled by the government?

(A) Capitalist
(A) Capitalist
(B) Socialist
(B) Socialist
(C) Mixed
(C) Mixed
(D) None of the Above
(D) None of the Above
Answer: (B) Socialist
Answer: (B) Socialist
Socialist A socialist economy is a system of production where goods and services are produced directly for use.
Socialist A socialist economy is a system of production where goods and services are produced directly for use.

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2024-03-03

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