When Ownership, Production, and Allocation are mostly controlled in an economy, such a system of organizing the economy is called Communism.

True

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False

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Solution

The correct option is B
False

False. When Ownership, Production, and Allocation are mostly controlled in an economy, such a system of organizing the economy is called Socialism.

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When Ownership, Production, and Allocation are mostly controlled in an economy, such a system of organizing the economy is called Communism.

The correct option is B False False. When Ownership, Production, and Allocation are mostly controlled in an economy, such a system of organizing the economy is called Socialism.

The correct option is B
False

False. When Ownership, Production, and Allocation are mostly controlled in an economy, such a system of organizing the economy is called Socialism.