Question

in which category of economy ,we find existance of traditional economy side by side modern economy?(a-capitalist economy,b-socialist economy,c-dualist economy,d-devlop economy)​

Answer 1

Answer:

Socialism is a type of command economic system. The state owns and controls most of the factors of production, including land and capital goods. The state also engages in central planning. Production of goods and services, as well as their prices and distribution, are centrally controlled by the state.

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