What are the characteristics of a centrally planned economy?

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asked Feb 14, 2018 159k views

2 Answers

Artem Bilan · Answer 1 · 2018-02-15T23:42:17+0000

Economic system in which the central government makes all decisions on the production and consumption of goods and services.

Kenroy · Answer 2 · 2018-02-18T13:20:36+0000

A characteristic of centrally planned economies is that a steady money supply that is backed usually by gold or silver. This economy is moderated by the state in order to control availability.

What are the characteristics of a centrally planned economy?

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