Public ownership of productive factors is a feature of___...
Public ownership of productive factors is a feature of_______?
Socialism
Capitalism
Feudalism
Mixed economy
Correct answer is A
Socialism is an economic and political system based on public or collective ownership of the means of production. it is an economic and political theory advocating collective or governmental ownership and administration of the means of production.
The type of monopoly that develops as a result of uneven distribution of resources is called ...
Petroleum has the following positive contributions to the Nigerian economy except ...
An emerging agricultural export crop in Nigeria is ...
From the Diagram above, the optimal point of production is ...
Country M enjoys absolute advantage over country N in the production of commodities X...
Money becomes a very poor store of value in a period of ______ ...
The purchasing power of money depends upon the__________ ...
Dumping in international occurs when a foreign firm sells ...