What Does a Planned Economy Rely on a Centralized Government

question 17

Multiple Choice

What does a planned economy rely on a centralized government to do?

• A) support free enterprise in every way possible
• B) allocate all or most factors of production
• C) encourage citizens to buy shares of stock in small companies
• D) keep its control activities to a minimum
• E) direct workers to start their own small businesses.

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Definitions:

Stable Legal System

A legal system that provides a consistent, orderly, and fair framework for resolving disputes, enforcing laws, and protecting rights and property.

Stay-back Team

A group within an organization designated to continue critical operations during emergencies or major events, ensuring business continuity.

Outsourcing Contract

A formal agreement where a company hires an external party to perform services or create goods that were traditionally performed in-house.

Evaluation Team

A group of individuals tasked with assessing a particular project, program, or employee performance, often to inform decision-making processes.