Lindsey lives in a country where the state owns all the means of production and there is little incentive for entrepreneurial activity. Lindsey lives in a
A) market economy.
B) mixed economy.
C) planned economy.
D) private economy.
E) democratic economy.

Question

Quizplus · Accepted Answer

In a planned economy, the government controls all means of production and there is little room for private enterprise or entrepreneurial activity.

Lindsey Lives in a Country Where the State Owns All