Planned economies rely heavily on _____ to make most economic decisions.

Question

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Planned economies are also known as command economies, where the government controls virtually all economic decisions, including what to produce, how much to produce, and what prices to set. The government chooses which industries to prioritize and invest in, regulates wages and prices, and decides on how goods and services are distributed. Consumers and producers often have little say in economic decisions in a planned economy.

Planned Economies Rely Heavily on _____ to Make Most Economic