Question

In Country A, the State controls ALL the factors of production. Country A could be described as a country that is operating within a:

A. free market economic system
B. laissez-faire economic system
C. mixed economic system
D. planned economic system​

Answer 1

D) Planned Economic System

In a communist economic system, all factors of production are controlled by the government. The Planned economic system most similarly embodies that same economic system.