The economics system planned economy is ?
Correct answer: B. In which production and distribution of wealth is under government's control
- A. In which economists control production
- B. In which production and distribution of wealth is under government's control
- C. In which technocrats control production
- D. In which government controls distribution
Explanation
In a planned economy, the government centrally directs major decisions about production and the distribution of goods and income. Economists or technocrats may advise the system, but they do not define it.
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