A ________ is a system in which the government owns a nation's land, factories, and other economic resources.
A) mixed economy
B) market economy
C) centrally planned economy
D) none of the above

Question

Quizplus · Accepted Answer

A centrally planned economy, also known as a command economy, is a system in which the government owns and controls all of a nation's economic resources, including factories, land, and businesses. This is in contrast to a market economy, in which individuals and businesses own and control economic resources, and a mixed economy, which is a combination of government and private ownership and control of economic resources.

A ________ Is a System in Which the Government Owns