Question

In a planned economy, which of the following does the job of market forces in

order to determine the outcomes?
A. The government
B. Workers
C. Consumers
ОО
D. Producers

Answer 1

A. the government

Step-by-step explanation:

In the planned economy, the government control every factor of productions. All the resources that exist within the country are owned by the government. On top of that, the government also specifically controlled the type of economic activities that can and can't be done by the people.

This create a situation where people have no freedom to choose their careers, have no incentives to innovate and work harder, and have no ownerships of private property.