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15 June, 05:56

The government does which of the following in a planned economy

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  1. 15 June, 09:45
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    For Apex - Runs the economic system
  2. 15 June, 09:55
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    The correct answer to the question: the government does which of the following in a planned economy, would be A: Runs the economic system.

    Explanation:

    A centrally planned economy is a system that is characterized by the fact that it is the central government, and not the producers and consumers, who propose, plan, and execute, economic policies and decisions, and control everything pertaining to the economy. This makes it different from the most common market economy, where it is businesses and clients who play a central role in these decisions and plans. Among other things, as well, in centrally planned economies, it is the government that controls what, how, and how much, it is produced in the country.
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