Explain india as a planned economy
Answers
Answered by
3
The economy in India today resembles a capitalist economy with certain modifications. Most economies in the world sit somewhere between a market economyand a centrally planned economy – India is one of these countries that has a mixed economy with several characteristics of a market economy.
Answered by
0
Unlike a market economy — in which private citizens and business owners make production decisions — a centrally planned economy controlswhat is produced and the distribution and use of resources. State-owned enterprises undertake the production of goods and services.
Similar questions