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Zigmanuir [339]
3 years ago
12

in which economic system does the government have complete control over manufacturing and production? market economy mixed econo

my open economy planned economy
Social Studies
2 answers:
Sidana [21]3 years ago
7 0
<span>D. In a planned economy, the factors of production are held exclusively by the State authority. In contrast, a market economy (A) allows for private enterprise while a mixed economy (B) has parts of both a market and a planned economy, and is the major form that most western nations use. An open economy (C) is the form used by countries that allows for imports and exports of goods and services.</span>
beks73 [17]3 years ago
4 0

Answer:

(D) Planned In which economic system does the government have complete control over manufacturing and production?

market economy

mixed economy

open economy

planned economy

Explanation:

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This scenario is best described by Vertical Integration.

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This can be best described by the Vertical Integration, and Vertical Integration can be defined as an arrangement, in which the whole supply chain of the company(like the steps given in the question) is owned by that company.

On each stage of the supply chain, one complete product or service is produced and when all these products or services are combined, the common need is satisfied.

The departments or processes involved in the vertical integration are:

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