Economy, asked by ahirwarr5082, 1 year ago

Difference between centrally planned economy and market economy

Answers

Answered by radhika6063

centrally planned economy: when the government is responsible for setting the amount produced.... whereas ...Market economy: an economy in which goods and services are exchanged in a free market..

Previous Question

Next Question

Similar questions

Math, 6 months ago

what is oxidation state of N in N3H...

English, 6 months ago

You are the Principal of Zodiac Senior Secondary School, Ooty. The school has completed 25 years of its meritorious services to the society. The Silver Jubilee Celebrations are to be held on Sunday, the 26th October, 20XX. Mrs M. Kamath, the founder Principal will preside. Draft a suitable invitation to be sent to important dignitaries of the city and the parents of students.

Math, 6 months ago

mass of 0 6. The mass planet is s times the mass the earth and its readus is 3 times the readius of the coreth. If the volue of acceleration due to the surface of the earth be 10 m/s then what is the value of acceleration due to on that planet. gravity greering...

English, 1 year ago

Dialogue between doctor and patient having stomach ache...

History, 1 year ago

what measures has been taken by the French revolutionary to collective identity of french people...

Social Sciences, 1 year ago

what is the shape of all the object shown...

Math, 1 year ago

express the following percentage as ratios 6 whole 2 upon 3 percent...

Social Sciences, 1 year ago

mushroom rock are found in...