What is a planned economy?

Type: MCQ • Marks: 1

A. An economy without production

B. An economy with no government

C. An economy where only consumers make decisions

D. An economy where major economic decisions are substantially directed by the government

Explanation

Explanation: In a planned system, government planning plays a major role in allocating resources and determining production.

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Class 9th Understanding Society India and Beyond, Part I

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