Home » Economics » An economic system in which the state owns and controls the means of production is…An economic system in which the state owns and controls the means of production is… An economic system in which the state owns and controls the means of production is known as A. free enterprise B. socialist economy C. mixed economy D. capitalist economy E. welafare company Correct Answer: Option B Explanation Related Posts which of the following is a function of the retailer? Which of the following activities of government precludes the existence of a market economy? The main economic goal of ECOWAS is the attainment of ? The purpose of conducting a census is to enable a country to If the cost of production for a firm continues to increase as it output rises,… If the last Naira spent on each commodity by a consumer gave him equal satisfaction…
