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In a planned economy of the following does the job of market forces in order to determine the outcomes?
In a planned economy, the government does the job of market forces in order to determine the outcomes.
How is the government involved in a planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
What is the role of government in a centrally planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
Why does Spain have a mixed economy?
both the government and the public control the economy, were as Russia is a planned economy because everything is planned and the government has full control
What is the governments role in a centrally planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
How is a government involved in a centrally planned economy?
In a centrally planned economy, the central government decide which part of the country to allocate cash and which one not to.
What is an economy controlled by the government?
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
Whats called when the government controls the entire economy?
When the government controls the entire economy, it is called a centrally planned economy.
An economy in which only the government makes economic decisions is a?
Centrally Planned Economy
WHAT DOES A government do in a planned economy?
runs the economic system
What does the government do in the planned economy?
runs the economic system
What does a planned economy rely on a centralized government to do?
many
