One example of a centrally planned market is:

Question

Quizplus · Accepted Answer

A centrally planned market involves government control and direction of economic activities, including setting prices and production levels. The law requiring flour to be sold at $3 per kilo represents government intervention in the market and is an example of a centrally planned market. The toothbrush and Toyota car markets most likely operate on the basis of many self-interested agents making decisions, which is characteristic of a market economy.

One Example of a Centrally Planned Market Is