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Jbranson87 Jbranson87
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A month ago
The economic system that allows individuals the least degree of economic freedom is ________.

▸ free-market

▸ planned

▸ capitalism

▸ authoritarianism

▸ mixed capitalism
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Business in Action

Business in Action


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OmfgtimmyOmfgtimmy
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planned

In a planned system, also called a command system or a command-and-control system, government controls the allocation of resources, including decisions regarding which products are produced and in what quantities. Planned economies are often equated with socialism, which in its most developed theoretical form involves collective ownership of the means of production.
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Jbranson87
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You make an excellent tutor!
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Smart ... Thanks!
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This calls for a celebration Person Raising Both Hands in Celebration
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