WAEC - Economics (2014 - No. 3)
In a centrally planned economy, what to produce is
determined by the forces of demand and spply
driven by profit motive
determined by consumers
the responsibility of state's bureaucrats
ব্যাখ্যা
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.