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Commerce · Q891

Economics

Graduate and Post Graduate · Commerce · question 891

Q891

With regard to socialist economy, which of the following statement is correct? (1) The factors of production are privately owned (2) Economy is not regulated by the government Select the correct answer

A.
Only 1
B.
Only 2
C.
Both 1 and 2
D.
Neither 1 nor 2
Answer

Answer: Option D

Solution

Answer: Option D
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