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Command Economy. An example would be North Korea.

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13y ago
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Nicole Sprinkle

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2y ago
he price of a good or service is determined by consumer demand.
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13y ago

Controlled. U no that

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David.garcia

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3y ago

controlled A+

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controlled

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tea

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Command

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15y ago

Controlled

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Q: What type of economy best fits this description The basic economic questions are answered by a group of government planners.?
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Related questions

What is the best description of a traditional economy?

The basic economic questions are answered by the customs of the past.


Basic economic questions are answered by a group of government planners.?

This is a controlled situation.


What type of economy are the basic economic questions answered by a group of government planners?

Controlled


The basic economic questions are answered by a group of government planners in this type of economy.?

controlled


The basic economic questions are answered by a group of government planners?

The basic economic question are answered by a group of government planners. This was all because of control.


In a centrally planned economy the three key economic questions are answered by the .?

central government alone


In a centrally planned economy the three key economic questions are answered by the what?

central government alone


How are the three basic economic questions answered in the united stated be specific?

What to produce, how to produce it, and who to produce it for (the 3 economic questions) are answered primarily by private companies in the U.S. Rarely does the government intervene in private sector production.


How are economic questions answered in a command economy?

discuss the basic economic problem?


In his economic system Smith believed that the basic economic questions were answered by the?

market xtine In short, the economic activities in the Philippines are both free of intervention and with government regulations. It may be regared as mixed economy.


How do we classify a nation's economic system?

According to how the three basic economic questions are answered.


In this economic system smith believed that basic economic questions were answered by which group?

market