Question

state owned economy is also called as

option
● private enterprise system
●market economy
●centralized economy
● All the above ​

Answer 1

Answer:

all of the above

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Answer 2

The correct answer to the given question is Centralized Economy or the option 4.

Explanation:

Centralized Economy is an economic system in which the state or the central government determines the market relation and interaction between different parties,mainly consumers and firms/supplies through relevant policies and market interventions.Hence, it can also termed as State owned economic system.Under such system,the production decisions are undertaken by the state or the government such as what to produce,amount of production,how to produce and the price of goods and commodities in the market.The amount of various goods and services sold in the market and their respective prices are set through government enforcement or intervention.