Question

What are the features of centrally planned economy?

Answer 1

Explain any two main features of a centrally planned economy. Two main features of a centrally planned economy are as follows: (i) In centrally planned economy, decisions relating to what, how and for whom to produce are taken by some central authority or by the government

Answer 2

Explain any two main features of a centrally planned economy ... Explain any two main features of a centrally planned economy. Two main features of a centrally planned economy are as follows: (i) In centrally planned economy, decisions relating to what, how and for whom to produce are taken by some central authority or by the government.