Question

in a centrally planned economy which of the following takes economic decision​

Answer 1

In a centrally planned economy Central Body like Government takes economic decision

Explanation:

• A centrally planned economy is an economic system in which a central body, like a Government, makes economic decisions about production and product distribution. Centrally planned economies vary from market economies, in which companies and consumers typically make such decisions.
• Under centrally planned economies the production of goods and services is often done by state-owned enterprises, which are government-owned companies. Prices are managed by policymakers in centrally planned economies which are sometimes called "command economies."