The two most basic forms of planned economies are ________.
A) communism and socialism
B) socialism and the welfare state
C) socialism and free-enterprise
D) capitalism and socialism

Question

Quizplus · Accepted Answer

Communism and socialism are the two most basic forms of planned economies. Communism is a system in which the government controls all aspects of the economy, while socialism is a system in which the government controls some aspects of the economy, but private enterprise is also allowed.

The Two Most Basic Forms of Planned Economies Are ________