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What is the name of the economic system where the government, or another central administration, regulates supply and prices?

What is the name of the economic system where the government, or another central administration, regulates supply and prices?
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What is the name of the economic system where the government, or another central administration, regulates supply and prices?

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User Rafael Adel
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1 Answer

1 vote
It is called centrally-planned economy or command economy 
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User Catsky
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