Consider the following economic agents:
A.the government
B.consumers
C.producers
Who, in a centrally planned economy, decides what goods and services will be produced with the scarce resources available in that economy?

Question

Quizplus · Accepted Answer

In a centrally planned economy, the government has the power to decide what goods and services will be produced with the scarce resources available. This is in contrast to market economies where consumers and producers have a greater influence over what goods and services are produced.

Consider the Following Economic Agents