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If you lived under an economic system in which the government controlled all aspects of production, which economic system would this be?

A. traditional economy
B. market economy
C. planned economy
D. mixed economy

Sagot :

GinnyAnswer

Final answer:

In a planned economy, the government controls all aspects of production, making it distinct from market economies.


Explanation:

If you lived under an economic system in which the government controlled all aspects of production, which economic system would this be?

The correct answer is planned economy. In a planned economy, the government has centralized control over production decisions, determining what is produced, how it is produced, and for whom it is produced. This system contrasts with market economies where decisions are driven by private individuals and firms.


Learn more about Economic Systems here:

https://brainly.com/question/39861932


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