Question

In a command economy, who tells producers what and how much to produce? A. Economists B. Consumers C. Government planners D. Workers

Answer 1

Answer:

The correct answer is C. In a command economy, government planners are who tell producers what and how much to produce.

Explanation:

A planned economy is one in which the market is dispensed with or has a secondary role in allocating resources. There are several planning models from which the consensus among economic factors arises through the socialization of the means of production in a decentralized environment and the active participation of producers and citizens (collective or community planning) to that organized by a central entity in which the entire economy of the region is coordinated by the government (centralized planning).