Question:
In a planned economy, decisions related to production and distribution are taken by:
In a planned economy, decisions related to production and distribution are taken by:
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In a planned economy, production and distribution are centrally controlled by the government, unlike market economies where decisions are made through supply and demand.
Updated On: Nov 5, 2025
- Government
- Markets
- Corporate sector
- Price mechanism
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The Correct Option is A
Solution and Explanation
In a planned economy, central authorities, usually the government, determine what to produce, how to produce, and for whom to produce.
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