Question

State is one where the economy is controlled by the state

Answer 1

Answer:

Marxist literature defines state capitalism as a social system combining capitalism with ownership or control by a state—by this definition, a state capitalist country is one where the government controls the economy and essentially acts like a single huge corporation, extracting the surplus value from the workforce in ...

Explanation:

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Answer 2

A state is one where the economy is controlled by the state.

A state is one where the economy is controlled by the state is called _ Capitalist State_.

Explanation :

The state where that economy is controlled by the state is called a capitalist state, in which state control is controlled by economic activities such as trade and commerce and the means of production are nationalized as state-owned enterprises. Government companies and other public companies are incorporated in the state. All instruments of capital in this state are listed as state-owned corporations.

State capitalism is an economic system in which the state conducts trade and commercial economic activity.

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One of the most important tools in cost planning is

A. Direct cost

B. Cost sheet

C. Budget

D. Marginal costing