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Distinguish between planned economy and mixed economy?​
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20 votes
20 votes
Distinguish between planned economy and mixed economy?​

User Chazzu
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19 votes
19 votes

Answer:

CHECK THE EXPLANATION.

Step-by-step explanation:

A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning whereas a mixed economy is an economy organized with some free market elements and some socialistic elements, which lies on a continuum somewhere between pure capitalism and pure socialism. ... Mixed economies socialize select industries that are deemed essential or that produce public goods.

User EvilSmurf
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