What is the main aim of producing goods and services: (a) In a market economy (b) In a planned economy
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Answer:
it is b in a planned economy
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Answer:
The main aim of producing goods and services is a planned economy.
Explanation:
- A planned economy is an economic system where a single power and it makes economical choices about production and product allocation and their goods rates in a particular state.
- In this economy method, all prices of the goods are regulated by bureaucrats in centrally planned economies.
- Most of the benefits of this economy include very less rates of inequality and unemployment .
- The disadvantages of this planned economy specially includes lack of competitiveness and absence of productiveness.
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