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Chapter 8 Building Blocks in Economics the Problem of Choice - Part 4

In a planned economy, who has a major role in deciding production priorities?

Type: MCQ • Marks: 1
In a planned economy, who has a major role in deciding production priorities?
Options
A. Government or central planning authorities
B. Consumers alone
C. Foreign tourists
D. Sports organisations
Explanation
Explanation: Central planning gives government authorities a major role in economic allocation.
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Class 9th Understanding Society India and Beyond, Part I

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