In Malbadia, a central committee formed by the political powers decides what products and how many of each will be produced. This situation is typical of a ________.
A) free market economy
B) foreign economy
C) free enterprise economy
D) planned economy

Question

Quizplus · Accepted Answer

In a planned economy, the government or central committee controls the production and distribution of goods and services. This is different from a free market or free enterprise economy, where businesses and individuals make their own decisions about what to produce and how to sell it. A foreign economy refers to the economy of a different country, which is not relevant to this scenario.

In Malbadia, a Central Committee Formed by the Political Powers