A by-product of the centrally planned economy was the emergence of which of the following?

Question

Quizplus · Accepted Answer

The centrally planned economy had a command economy structure where government-controlled all resources, productions, and prices. This resulted in a shortage of goods and services along with high prices. As a result, people started to engage in illegal economic activities such as black markets to overcome these issues. Therefore, the emergence of black markets is a by-product of the centrally planned economy.

A By-Product of the Centrally Planned Economy Was the Emergence