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statuscvo [17]
2 years ago
9

Distinguish between planned economy and mixed economy​

Business
1 answer:
Maslowich2 years ago
8 0

Answer:

  • <em><u>Command Economy</u></em>

A command economy is an economic system where the government has control over the production and pricing of goods and services. Sometimes called a planned economy, in a command economy, the government decides which goods and services to produce, the production and distribution method, and the prices of goods and services. The government is the central planner.

  • The government has control over a command or planned economy.
  • In mixed economies, the government has some control, while the rest is up to supply and demand.
  • Command economies are characterized by large surpluses and shortages, monopolies, and prices set by the government.
  • Mixed economies are characterized by corporate profitability, the use of fiscal and monetary policies to stimulate growth, and the existence of a public and private sector. 《♡♡♡♡》

Explanation:

Hope it helps JOIN《Æ §QŮÅĐ》

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Answer:

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3 years ago
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6 0
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Hope this helps. 

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