What is a planned economy?

2 answers:

5 0

Also known as command economy, its where the government directly controls prices, investment, production, and income in an economy

Elis [28]3 years ago

3 0

The answer about the planned economy is explained below.

Explanation:

An economic system, in which the economy(including investment, capital and allocation of capital goods) is governed by a predefined economic and production plans, is called as the Planned Economy.

The system of planning in this economic system can either be centralized, decentralized or participatory.

This economic system is regulated by the Government. All decisions about the capital, lands, buildings, machinery, or other resources are taken by the government.

The production, prices, distribution, etc of the products or services are regulated centrally by the government.

Learn more about Planned Economy at:

brainly.com/question/14703586

#LearnWithBrainly

You might be interested in

For democracy to take hold in the modern world, people had to take responsibility for ruling themselves. the belief in individua

BARSIC [14]

For democracy to take hold in the modern world, people had to take responsibility for ruling themselves. The believe in individual potential<span>and the importance of creative effort that emerged during the RENAISSANCE helped make this possible.</span>

3 0

4 years ago

In the first three decades of the 20th Century, Georgia cotton production was negatively impacted by A) Emancipation. B) locust

klio [65]

Answer:

the boll weevil

8 0

3 years ago

Read 2 more answers

Does the Internet need some sort of regulatory law protecting all those that use it?

Leviafan [203]

Yes, the interior need law protecting it from “hackers” from getting in the system.

8 0

3 years ago

What type of world you would make if all the power of making world is given to you ?expalin

lisabon 2012 [21]

Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery to end users (transmission, distribution, etc.) or its storage (using, for example, the pumped-storage method).

Electricity is not freely available in nature, so it must be "produced" (that is, transforming other forms of energy to electricity). Production is carried out in power stations (also called "power plants"). Electricity is most often generated at a power plant by electromechanical generators, primarily driven by heat engines fueled by combustion or nuclear fission but also by other means such as the kinetic energy of flowing water and wind. Other energy sources include solar photovoltaics and geothermal power.

8 0

3 years ago

At the House of Reptiles, 3-year-old Sinead is intrigued by a motionless python snake in a large cage with three parallel viewin

Lelechka [254]

Answer: The principle of continuity

Explanation: The Gestalt Continuity Law refers to how the human brain perceives the line-elements that are grouped. Continuity theory refers in fact to the tendency of the brain to see the constituent elements as a whole, that is, the elements belong to a whole, a continuous representation of something. In this case, the brain of little Sinead perceived that all the elements that are part of the exhibit snake make up the whole, and with the perception of the brain, they continue into the living snake.

The essence of this theory is that, for example, the line is perceived as a continuation of some imagined, established direction.

3 0

3 years ago