Question

five features of controlled or centrally planned economy​

Answer 1

$\huge\mathbb\color{purple}{MARHABAAN!!}$

✿ Five features of controlled or centrally planned economy:

• These are the economics where the economic activities are firmly controlled by the government or some central authority.

• Economic decisions are driven by the motive of social welfare.

• The consumer is not sovereign.

• Most resources are controlled by the government. The government decides at what price the goods are to be sold in the market.

• Public sector dominates the economic activity.

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