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An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
Who made all economic decisions?
Economic decisions can be made by various entities depending on the context. In a market economy, individual consumers and businesses make decisions based on supply and demand. In a command economy, the government or central authority typically makes all economic decisions. In mixed economies, a combination of both market forces and government regulations influences economic decision-making.
What is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
This economic system has a central authority?
The economic system has a central authority in the management of the affairs of a country. This is very important for countries who are making progress as far as the economy is concerned.
What is system in which the major economic decisions are made by the central government?
Command economy
An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
What is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
This economic system has a central authority?
The economic system has a central authority in the management of the affairs of a country. This is very important for countries who are making progress as far as the economy is concerned.
What is system in which the major economic decisions are made by the central government?
Command economy
What do you mean economic planing?
Planing means "the direction of production activity by a central authority".
Which economic system favors decisions by consumers but allows for some central planning?
Mixed Capitalism
What does a government controlled economy have?
Government controlled economy or "planned economy" refers to " is the economic system in which decisions regarding production and investment are embodied in a plan formulated by a central authority, usually by a public body such as a government agency."
Who makes economic decisions in a command economy?
the president...
An economy in which the central government makes all the decisions about a country's economic policies?
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
In a command economy economic decisions are mostly influenced by?
Its the government because its the one that control all means of production.
When was Central Electricity Authority created?
Central Electricity Authority was created in 1954.
When did Central Electricity Authority end?
Central Electricity Authority ended in 1957.
