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What is the name of the economic system where the government, or another central administration, regulates supply and prices?

What is the name of the economic system where the government, or another central administration, regulates supply and prices?
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What is the name of the economic system where the government, or another central administration, regulates supply and prices?

User Rafael Adel
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1 Answer

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It is called centrally-planned economy or command economy 
User Catsky
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