Differntiate between centrelly planned market and mixed economy
Answers
Answered by
2
Answer:
By contrast, a planned economy is one in which a central planning agency such as the government makes the major economic decisions. A mixed economy includes elements of both the market and the planned economies
Answered by
2
Answer:
The most extensive form of a planned economy is referred to as a command economy, centrally planned economy, or command and control economy. Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies
Similar questions