Economy, asked by Malarbeaul7651, 11 months ago

Distinguish between a central planned economy and a market economy

Answers

Answered by amritaraj
0

Answer:

Explanation:

A pure planned economy has one person or group who controls what is produced; all businesses work together to produce goods and services that are planned and distributed by the government. Planned economies have several advantages. ... A pure market economy is one perfectly free of external control.

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