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Who controls economic activities under centrally planned economics?
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Who controls economic activities under centrally planned economics?
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The government controls economic activities under centrally planned economies A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products. Centrally planned economies are different from market economies in which such decisions are traditionally made by businesses and consumers.
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Who controls economic activities under centrally planned economics?
Central government
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Who controls economic activities under centrally planned economics?
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Who controls economic activities under centrally planned economics? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Who controls economic activities under centrally planned economics? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Who controls economic activities under centrally planned economics?.
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