BubblyTurtles BubblyTurtles

15-05-2017
Business

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What are the characteristics of a centrally planned economy?

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TheOneandOnly003 TheOneandOnly003

15-05-2017

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.

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georgei1 georgei1

17-12-2019

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

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