What is a planned economy?

Type: MCQ • Marks: 1

A. An economy with no government

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

C. An economy where only consumers make decisions

D. An economy without production

Explanation

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

Want to attempt the full test series with a timer and instant score? Purchase the package to unlock the complete test. Purchase Now

Class 9th Understanding Society India and Beyond, Part I

This page is indexed for search so students can find questions directly from Google.

Welcome to TutorWale!