In a planned economy the emphasis is on - JAMB Economics 2003 Question
In a planned economy, the emphasis is on
A
public ownership and control
B
prices and competition
C
individual choices and decisions
D
private ownership and control
Ask EduPadi AI for a Detailed Answer
Correct Option: A
In a planned economy, the government makes most of the decisions about what to produce, how to produce it, and for whom to produce. This involves public ownership and control of the means of production.
Please share this, thanks:
#JAMB #JAMB
Add your answer
No responses