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The following is the distinction between a centrally planned economy and a free-market economy:
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</h2><h3><u>Centrally planned economy:
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- The activities in this economy are highly regulated and take place according to the will of the central governing authority. The players in the market do not get to choose what to manufacture or what to trade in. Most of the manufacturing and service sector is usually owned by the government. The prices of commodities are regulated by the government as per its will.
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Free-market economy:
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- This type of economy functions in a manner that is exactly opposite to the centrally planned economy. Government intervention in the activities of manufacturing and trade is negligible. The manufacturers and traders get to choose what to manufacture and what to trade in. The function of the market itself determines the prices of the commodities.
What generation? Millenials? If so, probably crippling debt and a terrible economic situation.
Answer:
to check the point collinear or not the give point is equal to zero..
Explanation:
here
x1=3, y1=4 ,x2= 3 ,y2=7 ,X3= 3 ,y3=9
now
1/2 [x1(y2-y3 ) + x2 (y3-y1 ) +x3 (y1 -y2) ]
= 1/2 [ 3 ( 7-9 ) + 3 ( 9- 4) + 3 ( 4-7 )
= 1/2 [ -6+ 15 -9 ]
= 1/2 [ 0]
= 0
hence the given point is collinear.
thank you ☺️❤️
<span>Discretionary spending is determined by the congressional appropriations process by which the Appropriations Committee in Congress determined spending levels for different priorities. Discretionary spending includes all non-mandatory spending and includes foreign aid, energy and environmental programs, housing subsidies, transportation, and agricultural programs.</span>