Economy, asked by jasmeetuppal, 7 months ago

Distinguish between a centrally planned economy and a market economy.

Answers

Answered by mandalprity558

Transcript. In a theoretical market economy, supply and demand through free competition should determine prices. Supply and demand also decide investment decisions, production, and distribution. ... In a centrally planned economy, the government makes decisions, instead of consumers and businesses.

Answered by rpbestie2020

Explanation:

In a theoreticalmarket economy, supply and demand through free competition should determine prices. Supply and demand also decide investment decisions, production, and distribution. ... In a centrally planned economy, the government makes decisions, instead of consumers and businesses.

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