If an Economy's Factors of Production Were Owned by the Government

question 99

Multiple Choice

If an economy's factors of production were owned by the government sector and the coordinating activity was done by a government planning board, the economy would be called:

• A) capitalism.
• B) market capitalism.
• C) command socialism.
• D) mixed capitalism.

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Definitions:

Psychosocial Factors

Elements that involve both psychological and social aspects, influencing an individual's behavior and well-being.

Brain Injury

Damage to the brain, often resulting from accidents or health conditions, that can affect cognitive, physical, and emotional functions.

Dementia

A broad category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, affecting a person's daily functioning.

Personal Identities

The concept or perception of oneself that evolves over time and encompasses values, beliefs, and personal attributes.