4 years ago

Is capitalism is an example of a planned economy

Business

2 answers:

aliya0001 [1]4 years ago

8 0

Answer:

False

Explanation:

A planned economy is an economic system where the government tries and control all fo the movement, prices, production and profit of a certain country or region, planned economies are closed economies where the government or an authority regulates everything, Capitalism is not a planned economy because it has free market and free will for the citizens in order to produce and sell, or work for whoever they want. That is why the sentence is false.

Alla [95]4 years ago

3 0

False. Capitalism is an example of a free-trade economy. I'm pretty sure that is Socialism.

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