Explain how different types of economies solve the problem of 'what to produce' 5marks
Answers
Answered by
1
Answer:
plz mark brainlist
Explanation:
Answer: Basic problems in Capitalist economies are solved through price mechanism, in Socialist economy through planning and in mixed economy through price mechanism and economic planning. ... Socialist economy is managed and controlled by the government. Social welfare is the object of the government
hope it's helpful
Similar questions