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Nata [24]
3 years ago
8

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

History
1 answer:
alex41 [277]3 years ago
4 0

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.

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The correct answer to this open question is the following.

Although there are no options attached we can say the following.

The explanation of the laws of supply and demand from the perspective of the consumer (demand) and the perspective of the producer (supply) is the following

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