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18 Aug 2020
Which of the following is characteristic of a country with a planned economic system?
a. The economy subscribes to capitalistic competition, where private parties own and operate the majority of businesses.
b. The economy relies chiefly on market forces to allocate goods and resources and to determine prices.
c. The economic system combines private and state enterprises with limited intervention from the government.
d. The economy is largely controlled by the government and freedom of choice is limited in order to accomplish government goals.
e. The economic system is primarily capitalistic but there is some degree of government ownership of the means of production.
Which of the following is characteristic of a country with a planned economic system?
a. The economy subscribes to capitalistic competition, where private parties own and operate the majority of businesses.
b. The economy relies chiefly on market forces to allocate goods and resources and to determine prices.
c. The economic system combines private and state enterprises with limited intervention from the government.
d. The economy is largely controlled by the government and freedom of choice is limited in order to accomplish government goals.
e. The economic system is primarily capitalistic but there is some degree of government ownership of the means of production.
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Sonia DhawanLv10
25 Sep 2020
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