If you lived under an economic system in which the government controlled all aspects of production which conic system would this

Question

Vesnalui [34]

3 years ago

10

If you lived under an economic system in which the government controlled all aspects of production which conic system would this

be

English

1 answer:

solong [7] · Answer 1 · 2021-11-17T18:29:17+03:00

This type of economic system is called PLANNED ECONOMY.
In a planned economy, the government control all aspect of economic production; all decisions that have to do with production are controlled by the government. The government can also determine the prices of goods and services.
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