Question

in a ______ economy the means of production are owned by the state A.socialist B.capitalist C.commercial D.communist​

Answer 1

Answer:

capitalist

Explanation:

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Answer 2

A. Socialist.

Explanation:

• A Socialist economy is one where the means of production are owned and regulated by the state.
• The production and distribution of goods and factors of production are done by the state under the direction of the planning commission.
• The decisions as to how much to produce, which methods of production to employ, and for whom to produce are taken by the planning authority.
• That is the reason a socialist economy is also known as a planned economy.
• Examples of socialist economies are China, Cuba, Vietnam, and North Korea.