A ________ economy is a system in which the government owns a nation's land,factories,and other economic resources,and schedules nearly all economic activities.

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A centrally planned economy is also known as a command economy or a planned economy. In this type of system, the government has complete control over the economy, including ownership of the means of production and distribution of goods and services. Economic decisions are made by a central planning authority, rather than by market forces or individual households and firms. This type of system is often associated with communist or socialist political ideologies.

A ________ Economy Is a System in Which the Government