Typically, a person who knows the answer will answer a question put to him and being in a centrally planned economy has nothing to do with it.
If the question intends to ask "Who makes the decisions of how much to produce in a centrally planned economy?" the answer to that would be, generally speaking, the government, and specifically it would be an economics ministry of the state. In the Soviet Union, for example, there was the State Planning Committee, popularly known as Gosplan, that made key decisions in terms of how much to produce in all major industries.
the government
a centrally planned economy
central government alone
central government alone
No. Since its creation in 1946, the Italian Republic has never had a centrally planned economy.
the government
the government
a centrally planned economy
central government alone
central government alone
In a centrally planned economy, the central government decide which part of the country to allocate cash and which one not to.
No. Since its creation in 1946, the Italian Republic has never had 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.
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.
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A centrally planned democratic free economy is one whereby the budget making process involves everyone.
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy