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Question
s and career a
capitalism and competition
study question 3 active
prompt
what is a planned economy regulated by?
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Brief Explanations
A planned economy is a system where key economic decisions (production, distribution, resource allocation) are controlled by a central body rather than market forces. This authority sets goals and coordinates economic activities through centralized plans.
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A planned economy is regulated by a central authority (such as a government or state planning agency).