In a fully planned economy, who decided what would be produced:

Related MCQs

• Which of the following countries could most aptly be described as having a fully centrally planned economy?
• Which of the following countries could most aptly be described as having a fully centrally planned economy?
• The part of the economy in which economy activity is carried on by private enterprise is termed:
• The measure of the total flow of goods and services produced by the economy over a specified time period, normally a year or a quarter is referred to as
• The difference between the amount produced by a firm and the higher amount that could most efficiently be produced is termed as:
• In the budget 2001-2002, the government has decided to wind-up one of the following privilege of the new employees:
• What happens when there is a demand deficiency in an economy?
• A closed economy is one which -
• A 'Market Economy' is one which -
• The relationship between the value of money and the price level in an economy is -