How is the government involved in a centrally planned economy

Asked by admin @ in History viewed by 267 People

A centrally planned economy is _____.

an economic system that has no government involvement
always the most efficient economic system
a form of free enterprise with minimal government involvement
an economic system in which the government regulates the production of goods and services

Answered by admin @


Answer:

Good choice:  An economic system in which the government regulates the production of goods and services.

Explanation:

The best examples of planned, centralized command economies in the 20th century were the communist states. The central government took all the major economic decisions even for single companies.


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