One of the distinguishing features of a Centrally Planned Capitalism economic system is:
A) all production resources are privately owned.
B) the state has broad powers to serve the public interest as it sees fit.
C) command resource allocation is utilized extensively in a private resource ownership environment.
D) market allocation policies are permitted within an environment of state ownership.
E) none of the above

Question

Quizplus · Accepted Answer

Centrally Planned Capitalism involves command resource allocation within a system where resources are privately owned, distinguishing it from other economic systems.

One of the Distinguishing Features of a Centrally Planned Capitalism