A few days ago
tia

Which of the following is NOT characteristic of a centrally planned economy?

1)The central government owns all land and capital.

2)The central government makes all economic decisions.

3)Each collective or factory sets its own goals.

4)Each person is assigned a job.

Top 5 Answers
A few days ago
tracymoo

Favorite Answer

This one is #3 – good luck!
3

5 years ago
Anonymous
India’s economy lags behind China’s Some industries like Tractor making , etc, represent the areas in which India enjoys an edge over its Chinese counterparts, and New Delhi expects to pull off business deals of benefit to India. The comparison Comparing the Indian economy with the Chinese economy has become almost a pastime for many analysts. A majority of these economic analysts have come to the conclusion that as of the year 2003, China is well ahead of India. As The Economist of London titled its recent cover story on the subject: “India V China: A Tiger, Falling Behind a Dragon.” China’s relative success over India in attracting foreign direct investment (FDI) was what tipped the balance for The Economist, although the article points out that China’s figures are “inflated by ’round-tripping’ of domestic investment through Hong Kong”. At the same time, The Economist notes, some Indian economists claim that India’s FDI figures are understated, because “they exclude foreigners’ reinvested profits, the proceeds of foreign stock market listings, intra-company loans, trade credits, financial leases, and so on”.
0

A few days ago
3jK
Would have been better not to have given you the answer but rather to ask…..if centrally planned means decisions are made from the central location (a single location), which of the 4 answers shows a more decentralized decision process? Think of it in military terms, if the top general has to make every decision (centralized), then which one of the answers looks more like a decision that is not made by him/her?
0

A few days ago
Anonymous
3)Each collective or factory sets its own goals. For example Poland
2

A few days ago
Darkwolf
3.)
2