In a ________, the state owns all means of production.
A) mixed economy
B) planned economy
C) market economy
D) totalitarian state

Question

Quizplus · Accepted Answer

In a planned economy, the state owns all means of production. Consequently, entrepreneurial individuals have few economic incentives to develop valuable new innovations, because it is the state, rather than the individual, that captures most of the gains.

In a ________, the State Owns All Means of Production