Question

By what other name is the socialist system known as?

• A. Order and Motivation system
• B. Capitalist System
• C. System of free economy
• D. System of controlled economy

Answer 1

The correct option is D System of controlled economy

System of Controlled Economy is also called Command Economy. In a command economic system, a large part of the economic system is controlled by a centralized power. This type of economy was the core of the communist philosophy.