What is the difference between a market economy and a planned economy?

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asked Mar 24, 2020 147k views

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Mergeconflict · Answer 1 · 2020-03-28T08:07:59+0000

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it is the Market economies and command economies occupy two polar extremes in the organization of economic activity The activity in a market economy is unplanned; it is not organized by any central authority but is determined by the supply and demand of goods and services.

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What is the difference between a market economy and a planned economy?

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What is the difference between a market economy and a planned economy?