What does The government do in a planned economy

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Law

Johan Strickland

4 May, 01:13

What does The government do in a planned economy

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Answers (2)

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Amelie Wheeler · Answer 1

Is a Economic system in which the government controls regulates prouduction

Cesar Mcconnell · Answer 2

Answer: A planned economy is "an economic system in which the government controls and regulates production, distribution, prices, etc." whereas a command economy necessarily has substantial public ownership of industry while also having this type of regulation.