Home » Economics » An economic system in which most means of production are owned and controlled by the…An economic system in which most means of production are owned and controlled by the… An economic system in which most means of production are owned and controlled by the State is known as a A. socialist economy B. capitalist economy C. mixed economy D. political economy E. feudal economy Correct Answer: Option A Explanation Related Posts Public expenditure on services, such as education and health, is known as expenditure on Which of the following is NOT a feature of economic underdevelopment of a country? When two variables are positively related, the graph of the relationship? Which of the following items is NOT an argument for locating industries in rural areas? When a government owns enterprises, a number of advantage arise. Which of the following is… The most important advantage of co-operative societies is?
