3 years ago

What economic characteristics does a centrally planned economy oppose that market economy encourages

1 answer:

5 0

<span>A centrally planned economy oppose these basic economic characteristics- Property owned by private individuals, Market pricing determination by supply and demand forces, encouragement of competition among the companies and providing a wide range of choice to consumer. Therefore, a centrally planned economy believes in restricted type of economy which is mostly governed by government.</span>

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