Question

Under socialistic systems, who decides the production and distribution of goods that are required by the people?

• A. Central Statistical Organisation
• B. Central Agriculture Commission
• C. Central Planning Commission
• D. Central Consumer Forum

Answer 1

The correct option is C Central Planning Commission

1:In socialistic systems, the state has total control over all economic matters. It is an economy where economic institutions decides the production and distribution of goods are owned and controlled by the state.
2:Its a centrally planned economy. It allows free choice of consumption as well as free choice of occupation. Production and allocation of productive resources is used according to a pre-determined plan.