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

Prices determined by government.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Prices determined by market

No worries! We‘ve got your back. Try BYJU‘S free classes today!

High Income inequality

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Low income inequality

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Low income inequality
Planned economy is where the ownership is under the government. The decision regarding production, income distribution, prices etc. are taken by the government and hence the income inequality is lower.

Suggest Corrections

Similar questions

Which of the following government factors are determined by the degree and extent of production, employment and income?

Distribution of the national income among owners of different factors is determined by the

Join BYJU'S Learning Program