1
Question
State a country which follows a planned economic system.
State a country which follows a planned economic system.
Open in App
Solution
The correct option is C Russia
A planned economy is "an economic system in which the government controls and regulates production, distribution, prices, etc." Cuba, North Korea, and the former Soviet Union (Russia) are examples of countries that have a planned economic system.
A planned economy is "an economic system in which the government controls and regulates production, distribution, prices, etc." Cuba, North Korea, and the former Soviet Union (Russia) are examples of countries that have a planned economic system.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
