Economy, asked by cristyboy007, 9 months ago

what do you mean by centrally planed economy

Answers

Answered by VaibhavNaik26

1

Answer:

A centrally planned economy is an economic system in which a single authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products. ... In centrally planned economies, which are sometimes referred to as "command economies", all prices are controlled by bureaucrats.

Explanation:

Answered by nikhithanikki11011

2

Answer:

Explanation:it is an economy which is owned n controlled by central government

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