Economy, asked by darkhunt625, 5 months ago

the economic where the government completely controls the economic decision of the people is called ​

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Answered by ritvik8042
0

Answer:

A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products. Centrally planned economies are different from market economies, in which such decisions are traditionally made by businesses and consumers.

Answered by madhulika7
0

Answer:

Here is your answer....

A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products.

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