3 Questions
Which of the following best describes economic planning?
A process of setting goals and making decisions for the allocation of resources in an economy.
What is the main purpose of economic planning?
To ensure efficient allocation of resources.
Which statement is true about economic planning?
It can be practiced in both market and command economies.
Test your knowledge on economic planning with this quiz! Learn about the definition, purpose, and key aspects of economic planning. Find out which statement about economic planning is true and enhance your understanding of this important concept in economics.
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