WAEC Economics 2014 Objective — Question 7
Question 7 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.
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State owned enterprises are more common in
- A. centrally planned economiesCorrect
- B. mixed economies
- C. capitalist economies
- D. developed economies
Explanation
In a centrally planned economy, the state owns the majority of the factors of production and controls and owns many enterprises.
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