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maria [59]
3 years ago
15

What type of economy uses a central authority

History
1 answer:
siniylev [52]3 years ago
4 0
Command economy, economic system in which the means of production are publicly owned and economic activity is controlled by a central authority that assigns quantitative production goals and allots raw materials to productive enterprises.

economic system- An organized way of providing for the wants and needs of a society traditional economy- Economic System in which basic economic activity stems from ritual, habit, or custom
command economy- Economic System in which basic economic decisions are made by a central authority
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