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Give me the difference between centrally planned economy, market economy and mixed economy?
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Give me the difference between centrally planned economy, market econo...
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Give me the difference between centrally planned economy, market econo...
A. Centrally planned economy:Centrally planned economy is an economic system in which the state or government makes economic decisions made by the interaction between consumers and business.b. Market economy:Market economy is an economic system in which the decisions regarding investment,production and distribution are guided by the price signals created by the forces of supply o demand.c. Mixed economy:A mixed economic system is a system that combines aspects of both capitalism and socialism.
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Give me the difference between centrally planned economy, market economy and mixed economy?
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