Question

what do you mean by central planed economy

Answer 1

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It is An Economic System in which the state or government makes economic decision . It can be made by the interaction between consumers and businesses.


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Answer 2

hy

here is your solution

↑a planned economy is a type of ecnomic system where investment and the allocation of capital good take place↓

⇒according to economy- wide economic and production plans.

a planned economy may use

✔ centralised

✔ decentralized

✔ participatory

forms of economic planning.

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