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Commerce · Q554

Business Environment and International Business

Graduate and Post Graduate · Commerce · question 554

Q554

. . . . . . . . is the economic system whereby the state holds broad powers to serve the public interest, it decides what goods and services are produced and in what quantities and demand typically exceeds supply.

A.
Centrally-planned socialism
Answer
B.
Market socialism
C.
Centrally-planned capitalism
D.
Market capitalism

Answer: Option A

Solution

Answer: Option A
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