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.
It was the internal reforms of Mikhail Gorbachev, the last Soviet leader that led to the end of the Cold War
On Edgenuity the answer for me was: C. Distrust
Answer:
Make sure prices of goods and services are set by supply and demand .
Explanation:
The economies of the United States and other countries, such as Japan, are based on capitalism. ... Decisions regarding investment and the use of the means of production are determined by competing business owners in the marketplace. Production takes place within the process of capital accumulation.
Countries that have a market economy are Mexico, United States, United Kingdom, Germany, and Canada . These countries have a market economy because the prices of goods and services are set by supply and demand .