what is economic and ? what is economic planning?
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hey mate here is your answer
Economics is the study of how society uses its limited resources. Economics is a social science that deals with the production, distributuon, and consumption of goods and services
Economic planning is a mechanism for the allocation of resources between and within organizations which is held in contrast to the market mechanism....
As such.,one can distinguish between centralized planning and decentralized planning .An economy primarily based on central planning is referred to as planned economy...
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heya mate here is your answer ....
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