Question

Write two sentences to describe one similarity and one difference between personal and national budgets. make it simple!!

Answer 1

A planned economy is a type of economic system where the distribution of goods and services or the investment, production and the allocation of capital goods takes place according to economic plans that are either economy-wide or limited to a category of goods and services.

Answer 2

a personal budget would be something you personally have a budget for say your budget for the month is 100$ you have 100$ to spend on things. National budgets could be the USA has a budget each year of 10 billion dollars to help fix things around the country