Economy, asked by vivekmorya83, 2 days ago

An economy in which economic decisions are taken by same central authority of the government with a view to maximising social welfare is called
a) capitalist economy
b) socialist economy
c) market economy
d) mixed economy ​

Answers

Answered by pvsnmurthy22
0

Answer:

A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products.

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