Question

An economy in which most decisions on resource allocation are taken by the government is known as:

Answer 1

Hlo dear brainly user........

It's your answer........

@@ The economy in which all the decisions related to allocation of resources are taken by government is known as.....SOCIALISM or SOCIALIST economy.....

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Answer 2

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.