ECO146
Ownership of production resources by the government is charateristic of
Answer: socialist economy
is driven on the idealogy of
Answer: pure market economy/laissez-faire
A centrally planned economy is
Answer: walfare oriented
All the nations in options practise centrally planned economy except
Answer: south africa
KeynesV replaced the idea of invisible hands
Answer: guiding hands
A pure market economy is associated with
Answer: profit orientation
The involovment of government in nationsY econony to ensuare stability is traceable to
Answer: keynes
Where the capitalist economy is private sector driven, the developed mixed economy is a
Answer: modified capitalist economy
A country known to be operating YGuiding handsY principle is
Answer: united states of america
The extreme form of socialism is
Answer: communism
Follow me on Twitter @louisoladimeji for your Free Exam Summary and free past questions
Whatsapp: 08039407882 for your Project Writeup I Business Plan Writeup I Online Tutorial
