In what type of economy are all businesses state owned, the rationale

QUESTION

In what type of economy are all businesses state owned, the rationale being that the government can then direct them to make investments that are in the best interests of the nation as a whole rather than in the interests of private individuals?

A. Free market

B. Deregulated

C. Pure command

D. Mixed

E. Laissez-faire

ANSWER

C
In a pure command economy, all businesses are state owned, the rationale being that the government can then direct them to make investments that are in the best interests of the nation as a whole rather than in the interests of private individuals.