Economy, asked by panashe, 1 year ago

how resourses are allocated in planned economy

Answers

Answered by roshan30

In a free market economy, resources are allocated through the interaction of free and self-directed market forces. This means that what to produce is determined consumers, how to produce is determined by producers, and who gets the products depends upon the purchasing power of consumers.

panashe: ok

Previous Question

Next Question

Similar questions

English, 8 months ago

Q.1. What king of a person do you think the narrator, a veterinary surgeon, is? Would out It 1901 sorry, There झुकना। ment, hake, -fast, ved, aled- you say he is tactful as well as full of commonsense? आपके विचार से लेखक कैसा आदमी है? क्या आप कहेंगे कि वह चतुर और व्यवहारिक ज्ञान से भरा हुआ है? Ans. The narrator, Mr. Herriot is a veterinary surgeon. He is a very intelligent person. He is very ta...

Chemistry, 8 months ago

what is at name any salt and give it,s formula...

Math, 8 months ago

Short Answer type Questio Solve the following system of inequations : 1. x+3 > 0, 2x < 14.

Math, 1 year ago

akshay is now 9 years older than ritesha.in 10years,akshay will be twich as old as ritesha was 10 years ago find their presents age...