In a planned economy,an individual's personal income dictates his or her spending choices.

Name: In a planned economy,an individual's personal income dictates his or her spending choices.
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In a planned economy, the government controls the production and distribution of goods and services, and therefore determines the availability and price of goods. Individuals do not have the same level of control over their personal income and spending choices as they do in a market economy.

In a Planned Economy,an Individual's Personal Income Dictates His or Her