MyStudyPals.com MyStudyPals.com
  • Login
  • Feed

Resources

  • 📰
    Latest School News
  • 📚
    Scholarships
  • 🎓
    JAMB Syllabus
  • 📝
    Jamb Brochure

Information

  • 🔗
    Contact US
  • 🔗
    Privacy Policy
  • 🔗
    Terms and Conditions
  • 🔗
    About US

In a centrally planned economy, what to produce is

  • 📑 Past Questions
  • ⌛ Take CBT exam
  • 📟 Referral
  • 🎫 Support
  • 📢 Earnings
Economics WAEC 2014

In a centrally planned economy, what to produce is

  • determined by the forces of demand and spply
  • driven by profit motive
  • determined by consumers
  • the responsibility of state's bureaucrats checkmark

The correct answer is: D

Explanation

 A centrally planned economy is an economic system in which a single authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products. 

Previous Question Next Question

Leave A Comment

© 2025 MyStudyPals.com