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

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

A. Dictatorship
B. Socialism
C. Capitalism
D. Authoritarianism

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

Basic of Economics, Economics Mcqs

What is called protection of domestic producers by impeding or limiting the importation of foreign goods and services ?

What is called protection of domestic producers by impeding or limiting the importation of foreign goods and services ?

A. Domestication
B. Protectionism
C. Localization
D. National interest

What is called protection of domestic producers by impeding or limiting the importation of foreign goods and services ? Read More »

Basic of Economics, Economics Mcqs