Question

"under central planning, some group has to decide how to get the necessary inputs produced in the right amounts and delivered to the right places at the right time. this is a nearly impossible task without markets and profits." this quotation best identifies the

Answer 1

It best distinguishes that the coordination problem under central planning.
A centrally planned economy is a financial framework in which the state or government settles on monetary choices instead of the communication amongst shoppers and organizations. Dissimilar to a market economy in which private residents and entrepreneurs settle on generation choices, a midway arranged economy controls what is created and the appropriation and utilization of assets. State-claimed endeavors embrace the creation of merchandise and enterprises.