JAMB Exam  >  JAMB Questions  >  In a centrally planned economy, the allocatio... Start Learning for Free
In a centrally planned economy, the allocation of resources is primarily determined by:
  • a)
    Supply and demand
  • b)
    Central planning authority
  • c)
    Market forces
  • d)
    Private individuals and businesses
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
In a centrally planned economy, the allocation of resources is primari...
In a centrally planned economy, the allocation of resources is primarily determined by a central planning authority, such as the government, which makes decisions regarding production, distribution, and consumption.
Explore Courses for JAMB exam

Top Courses for JAMB

Question Description
In a centrally planned economy, the allocation of resources is primarily determined by:a)Supply and demandb)Central planning authorityc)Market forcesd)Private individuals and businessesCorrect answer is option 'B'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about In a centrally planned economy, the allocation of resources is primarily determined by:a)Supply and demandb)Central planning authorityc)Market forcesd)Private individuals and businessesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In a centrally planned economy, the allocation of resources is primarily determined by:a)Supply and demandb)Central planning authorityc)Market forcesd)Private individuals and businessesCorrect answer is option 'B'. Can you explain this answer?.
Solutions for In a centrally planned economy, the allocation of resources is primarily determined by:a)Supply and demandb)Central planning authorityc)Market forcesd)Private individuals and businessesCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for JAMB. Download more important topics, notes, lectures and mock test series for JAMB Exam by signing up for free.
Here you can find the meaning of In a centrally planned economy, the allocation of resources is primarily determined by:a)Supply and demandb)Central planning authorityc)Market forcesd)Private individuals and businessesCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of In a centrally planned economy, the allocation of resources is primarily determined by:a)Supply and demandb)Central planning authorityc)Market forcesd)Private individuals and businessesCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for In a centrally planned economy, the allocation of resources is primarily determined by:a)Supply and demandb)Central planning authorityc)Market forcesd)Private individuals and businessesCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of In a centrally planned economy, the allocation of resources is primarily determined by:a)Supply and demandb)Central planning authorityc)Market forcesd)Private individuals and businessesCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice In a centrally planned economy, the allocation of resources is primarily determined by:a)Supply and demandb)Central planning authorityc)Market forcesd)Private individuals and businessesCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice JAMB tests.
Explore Courses for JAMB exam

Top Courses for JAMB

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev