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Earn +20 ptsQ: Which of the following is another term for a planned economy?
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The term used to describe the communists centralization of control over its economy?
Planned economy
What is another term for a modified private enterprise economy?
us economy
What are other names for a planned economy?
In Continental Europe, the term "social market economy" or "Rhine capitalism" is generally used to refer to the mixed-market economic models used by those countries. In the United States, United Kingdom, Canada and Australia, the type of capitalism is sometimes called the "Anglo-Saxon model", which is a type of mixed economy skewed more toward free-markets than the Continental European model of capitalist mixed economy. The modern economic model in the People's Republic of China is considered to be a mixed-market economy. Officially, the name for this system is a "socialist market economy", but economists usually label it "state capitalism" instead.
Whichof the following is another term for a free-market system?
Capitalism
Which of the following is another term for market clearing price?
equilibrium price
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