Question 79
MediumOriginal questionRead the two statements and choose the correct option.
I. In a centrally planned economy, the means of production are owned mainly by the state.
II. In a market economy, the means of production are owned mainly by private individuals.
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Both describe the standard ownership pattern of each system, so both are true.
- Concept
- Ownership in the two systems
- Typical timeTypical
- 70 s
- Your timeYours
- —
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