Question

8) Explain the meaning of planned economy​

Answer 1

Explanation:

planned economy means when in a country the government forms a plan or a policy related to the economy of the country for a particular period (usually 4-5years)

Answer 2

Answer:

hyy mate. .

Explanation:

Also known as a planned economy,command economies have as their central tenet that government central planners own or control themeans of production within a society. Private ownership or land, labor, and capital is either nonexistent or sharply limited to use in support of the centraleconomic plan.

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