Economic system in which the government owns and controls the means of production to benefit all the people is called ?

Related Mcqs:

Which term is used for a bank account which can be operated at will ?

A. Saving Account B. Fixed account C. Current account D. Fluctuated account...

Which of the following is indicated by the term unemployed ?

A. Employed only part time when one needs full time employment B. Inadequately employed C. Note fully used or employed D. All of them...

What is measured by Gross domestic product (GDP)?

A. Value of all economic activity within nation’s border B. Economic output of a country C. Economic activity of federal government D. None of these...

Which is the best measure of economic growth of a country ?

A. GNP B. GDP C. Net revenue D. None of the above...

What is called the rules of laws which governs the internal affairs of an organization ?

A. Corporate Laws B. Secondary Laws C. By laws D. Internal Laws...