A centrally planned economy opposes individual choice in comparison to a market economy.
In a centrally planned economy, a government entity decides how resources within a society will be distributed. For example, in a perfect centrally planned society, all families with 4 members in the household would receive the exact same products.
However, in a market economy, individuals make decisions for themselves regarding what resources they want/need to purchase. This market economy is based more on the capital (money) that individuals possess.
Answer:
Herbert Hoover was a Republican and believed that the primary function of government was to protect individual freedom.
Explanation:
I am not too sure about economics but he pretty much want for every one to work for success themselves .
