Types of Economic Planning - SS3 Economics Past Questions and Answers - page 1
1
Which type of economic planning is associated with communist and socialist countries?
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A
Centralized planning
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B
Decentralized planning
2
In which type of economic planning is the economy managed through the actions of individual producers and consumers?
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A
Centralized planning
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B
Decentralized planning
3
Which type of economic planning involves the government controlling and managing the entire economy?
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A
Centralized planning
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B
Decentralized planning
4
In practice, most countries use a mix of which two types of economic planning?
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A
Centralized and democratic planning
B
Centralized and decentralized planning
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C
Democratic and decentralized planning
5
Which type of economic planning involves the government providing basic regulations and infrastructure to facilitate economic activities?
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A
Centralized planning
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B
Decentralized planning
6
What are the two main types of economic planning?
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7
Which type of economic planning is often associated with communist and socialist countries?Â
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