Question : It is defined as making major economic decisions by the conscious decision of a determinate authority, on the basis of a comprehensive survey of the economy as a whole.
Option 1: Economic planning
Option 2: Mixed economy
Option 3: Socialist economy
Option 4: Capitalist economy
Answer (1)
10th Jan, 2024
Correct Answer:
Economic planning
Solution :
Economic planning is defined as making major economic decisions by the conscious decision of a determinate authority, on the basis of a comprehensive survey of the economy as a whole.
Hence Option A is correct.
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