In a centrally planned economy, what to produce is

Economics

WAEC 2014

A. determined by the forces of demand and spply
B. driven by profit motive
C. determined by consumers
D. the responsibility of state's bureaucrats

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Correct Answer: Option D

Explanation

A centrally planned economy is an economic system in which a single authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products.

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In a centrally planned economy, what to produce is

Correct Answer: Option D

Explanation

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