Which of the following is not true regarding a planned economy?
A) The government owns the means of production.
B) The government owns the land.
C) The quality of goods is usually higher than for other systems.
D) Environmental damage can occur as a result of production.

Question

Quizplus · Accepted Answer

In a planned economy, the focus is often on meeting quotas and achieving specific economic goals set by the government, rather than on the quality of goods. This can lead to lower quality products compared to market economies where competition can drive quality improvements.

Which of the Following Is Not True Regarding a Planned