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Explain how a government is involved in a centrally planned economy?
it controls all major sectors of the economy and formulates all decisions about their use and about the distribution of income
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 is an economy controlled by the government?
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
Whats called when the government controls the entire economy?
When the government controls the entire economy, it is called a centrally planned economy.
The government does what in a planned economy?
Runs the economic system
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.
Explain how a government is involved in a centrally planned economy?
it controls all major sectors of the economy and formulates all decisions about their use and about the distribution of income
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.
Why does Spain have a mixed economy?
both the government and the public control the economy, were as Russia is a planned economy because everything is planned and the government has full control
How does a government involved in a centrally planned?
The type of government determines how a government becomes centrally planned.
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 is an economy controlled by the government?
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
Whats called when the government controls the entire economy?
When the government controls the entire economy, it is called a centrally planned economy.
An economy in which only the government makes economic decisions is a?
Centrally Planned Economy
WHAT DOES A government do in a planned economy?
runs the economic system
The government does what in a planned economy?
Runs the economic system
What does a planned economy rely on a centralized government to do?
many
