Nearly all economic-related decisions in a centrally planned economy are determined by the interplay of supply and demand.

Question

Quizplus · Accepted Answer

In a centrally planned economy, economic decisions are typically made by government officials, and there is little to no consideration given to supply and demand dynamics. Prices, production levels, and resource allocation are all determined by government planning and directives, rather than market forces.

Nearly All Economic-Related Decisions in a Centrally Planned Economy Are