Question

question 2 of 10
a system in which all the means of production are owned and controlled by the government is known as a
a. market economy
b. plan economy
c. mixed economy
d. command economy

Explanation:

In a command economy, the government owns and controls all the means of production. Market economy has private - owned production means with market - driven decisions. A mixed economy has a combination of private and government control. There is no "pure economy" in this context.

Answer:

D. command economy