0
What does the government control in a centrally planned economy?
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Characteristics of centrally planned economy?
government ownership and control, equality (collective)
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 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.
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.
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.
Characteristics of centrally planned economy?
government ownership and control, equality (collective)
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 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.
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 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.
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.
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.
What does the government control in a centrally planned economey?
Everything that involves money. In China they have planned economy and the government carefully checks every business, taxes them and sometimes supports them.
An economy in which only the government makes economic decisions is a?
Centrally Planned Economy
Who answers the key economic in a centrally planned economy?
the government
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.
What is a centrally-planned economy?
A centrally planned economy is an economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses.
