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What does the government control in a centrally planned economey?
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∙ 11y ago
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Characteristics of centrally planned economy?
government ownership and control, equality (collective)
What is the role of government in a centrally planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
What does the government control in a centrally planned economy?
Everything linked to money and production. Firms, taxes are some examples.
How would the Chinese economy be characterized?
china's economy is a centrally planned economy with a high level of government control
What factors and resources does the government own in a centrally planned economy?
The factors and resources that the government owns in a centrally planned economy include decisions, pricing, and the entire market.
How does a government involved in a centrally planned?
The type of government determines how a government becomes centrally planned.
Characteristics of centrally planned economy?
government ownership and control, equality (collective)
How is a government involved in a centrally planned economy?
In a centrally planned economy, the central government decide which part of the country to allocate cash and which one not to.
What is the role of government in a centrally planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
What does the government control in a centrally planned economy?
Everything linked to money and production. Firms, taxes are some examples.
How would the Chinese economy be characterized?
china's economy is a centrally planned economy with a high level of government control
What is the governments role in a centrally planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
What factors and resources does the government own in a centrally planned economy?
The factors and resources that the government owns in a centrally planned economy include decisions, pricing, and the entire market.
How is the government involved in a planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
Who answers the key economic in a centrally planned economy?
the government
How does a government get involved in a centrally planned?
A government is involved in central planning because most governments are the center of social and legal planning for the countries they represent. The United States is an example of a government that centrally plans many aspects of the country.
Who owns the land and the capital in the centrally planned economy?
the state or government
