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

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