Types of Economic Planning - SS3 Economics Past Questions and Answers - page 1
Which type of economic planning is associated with communist and socialist countries?
Centralized planning
Decentralized planning
In which type of economic planning is the economy managed through the actions of individual producers and consumers?
Centralized planning
Decentralized planning
Which type of economic planning involves the government controlling and managing the entire economy?
Centralized planning
Decentralized planning
In practice, most countries use a mix of which two types of economic planning?
Centralized and democratic planning
Centralized and decentralized planning
Democratic and decentralized planning
Which type of economic planning involves the government providing basic regulations and infrastructure to facilitate economic activities?
Centralized planning
Decentralized planning
What are the two main types of economic planning?
The two main types of economic planning are centralized planning and decentralized planning.
Which type of economic planning is often associated with communist and socialist countries?
Centralized planning is often associated with communist and socialist countries.