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
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Decentralized planning
In which type of economic planning is the economy managed through the actions of individual producers and consumers?
Centralized planning
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Decentralized planning
Which type of economic planning involves the government controlling and managing the entire economy?
Centralized planning
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Decentralized planning
In practice, most countries use a mix of which two types of economic planning?
Centralized and democratic planning
Centralized and decentralized planning
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Democratic and decentralized planning
Which type of economic planning involves the government providing basic regulations and infrastructure to facilitate economic activities?
Centralized planning
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Decentralized planning
What are the two main types of economic planning?
Which type of economic planning is often associated with communist and socialist countries?Â
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