Question

20. Choose the correct answer.
In a centrally planned economy, all the important decisions regarding production exchange,
consumption etc. are made by the
(a) Central bank. (b) Market (c) Government.
21. Choose the correct answer -
In reality all economies are
economies where some important decisions are taken
by the government and the economic activities are by and large conducted through the market.
(a) Socialistic
(b) Mixed
(c) Capitalistic
​

Answer 1

Explanation:

1. b
2. c

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