BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An Economy in which resources are owned and controlled by the Government.
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Economic System
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Command Economy
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Market Economy
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Market Price
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Explanation:
Detailed explanation-1: -A command economy is also known as a planned economy, as the production, expenditure, and prices are centrally decided by the government.
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