Government owns the factors of production

History

2 answers:

lorasvet [3.4K]3 years ago

8 0

Answer:

B. A Command economic system.

~DjMia~

Nikolay [14]3 years ago

5 0

The type of economic system when government owns the factors of production, answers the question of who, what and how to produce, and eliminates choice and competition is called a command economy. It is the opposite of a market economy.

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