Question
If production, allocation, and ownership are 100% controlled by government, then we call such an economic system as Socialism.
Answer: Option B
:
B
False. If production, allocation, and ownershipare 100% controlled by government, thenwe call such an economic system as Communism.
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:
B
False. If production, allocation, and ownershipare 100% controlled by government, thenwe call such an economic system as Communism.
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