An arrangement in which the government makes all the basic economic decisions???

Question

asked Mar 28, 2022 70.5k views

1 Answer

R Rifa Fauzi Komara · Answer 1 · 2022-04-01T18:24:30+0000

In a centrally planned economy the central government makes all decisions about the production and consumption of goods and services. In a market economy economic decisions are made by individuals and are based on exchange, or trade.

An arrangement in which the government makes all the basic economic decisions???

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions