In What Type of Economy, Such as That of the Soviet

question 24

Short Answer

In what type of economy, such as that of the Soviet Union, are resources, production, and distribution allocated and managed entirely by state planners?

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Definitions:

Performance

Relates to how effectively a company, employee, or system operates to meet its objectives or targets.

Tender

An offer to perform work or supply goods at a fixed price, often submitted in response to a request for such offers.

Inspect

To look over carefully in order to check the state or condition, or to detect flaws.

Conforming Goods

Goods that conform to contract specifications.