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Question

Which of the following is a negative feature of planned economy?

A
Prices determined by government
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B
Inefficient economy
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C
Government allocation of resources
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D
None of the above
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Solution

The correct option is A Inefficient economy
Under planned economy more focus is given to the welfare aspect and reducing inequalities. In doing so all the sectors of the economy might not work at the full potential. And hence the economy is inefficient.

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