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soldi70 [24.7K]
3 years ago
14

What economy has central planning and determines the production and distribution of goods

Social Studies
1 answer:
Alex787 [66]3 years ago
4 0

Answer:

Communist

Explanation:

In the communist system, all factors of productions are owned and controlled by the Government.The Government will create a centralized planning of the allocation of the resources along with the type of labors that the citizens can do

The Government also determine the type of product should be produced in the country along with the type of investment that the country need to make. Which leave very little freedom of choice among its pope.

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The industry that most closely approximates the conditions of the oligopoly model is:________
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