Hasan19
Hasan19 Hasan19
  • 16-05-2021
  • Business
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What is the difference between a planned market economy and a mixed market economy?

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Isola Isola
  • 16-05-2021

Answer:in centrally planned economy market the means of production are predominantly owned by the state while in mixed economy the means of production are owned and controlled by both government and private persons. It is a mixture of planned and free enterprises

Explanation:

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giovannifunnyface giovannifunnyface
  • 16-05-2021
mixed economies, the government has some control, while the rest is up to supply and demand. Command economies are characterized by large surpluses and shortages, monopolies, and prices set by the government.
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