In the country of Sernia,the state owns all means of production.Sernia is 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 owns and controls all means of production, distribution, and pricing. Sernia's state ownership of all means of production indicates that it has a planned economy. A market economy would have private ownership and control of the means of production, while a mixed economy would have a combination of private and government ownership. Private and democratic economies are not specific economic systems.

In the Country of Sernia,the State Owns All Means of Production.Sernia