Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
salonijainnn salonijainnn
wrote...
Go to Answer
Posts: 139
Rep: 0 0
A year ago
In practice, the term "centrally planned economy" refers to an economy in which

▸ the government makes ALL production and consumption decisions.

▸ all commodities are rationed.

▸ economic decisions are made in the geographic centre of the country.

▸ the military is in control of the government.

▸ the mix of market and command principles is heavily weighted towards the latter.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 34 times
1 Reply
Replies
Answer verified by a subject expert
vicky12345vicky12345
wrote...
#1
Posts: 123
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

salonijainnn Author
wrote...

A year ago
Brilliant ツ
SUmmerPeople
wrote...

Yesterday
Thanks
carston
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1170 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 311
  
 367
  
 271
Your Opinion
Which country would you like to visit for its food?
Votes: 204
Previous poll results: Which is the best fuel for late night cramming?