An economy in which a central authority draws up a plan that establishes what will be produced and when, sets production goals

Question

n200080 [17]

3 years ago

11

An economy in which a central authority draws up a plan that establishes what will be produced and when, sets production goals

, and makes rules for distribution is a
a. laissez-faire economy.
b. command economy.
c. public-goods economy.
d. free-market economy.

Business

1 answer:

Elan Coil [88] · Answer 1 · 2022-03-12T14:09:21+03:00

A laissez-faire economy is one where there is no interference within the government, so that's not correct.

There's no such thing as a public-goods economy (according to google at least), but public goods are things that the government provides for the most part. It's accessible by everyone.

A free-market economy is where the government has little to no control, similar to a <span>laissez-faire economy, so that's not right.

Your question is literally the definition of a command economy, so that's right!</span>

An economy in which a central authority draws up a plan that establishes what will be produced and​ when, sets production​ goals

An economy in which a central authority draws up a plan that establishes what will be produced and when, sets production goals