Question

If you lived under an economic system in which the government controlled all aspects of production, which economic system would this be?

a. traditional economy
b. market economy
c. planned economy
d. mixed economy

Answer 1

Answer: Short Answer = Planned economy

Explanation: th other options wont make aany sence because they arnt all involved in the planned system

Answer 2

Answer: Planned economy

Planned economy is another therm given to command economy in which the governmen is in control of all the aspects of the production in a country's economic system. Aside from command economy, traditional economy, market economy and mixed economy are also used.