Question

In a planned economy, which of the following does the job of market forces in

Answer 1

Answer:

C. The government

Explanation:

In a planned economy, the government does the job of market forces in order to determine the outcomes.

Planned economy is an economic system in which the ownership of resources, production and distribution of goods and services are controlled by the government. In planned economy, government owns and controls the means of production and distribution of goods and services. Therefore, the government determines the price of quantity of goods and demanded and supplied. Planned economy is also known as socialist economy or socialism.