Ask Question
30 December, 20:31

In the former USSR, state planners decided what was to be produced. They passed orders down to factories, allocating raw materials, workers, and other factors of production to them. This is an example of (a) :

+4
Answers (1)
  1. 30 December, 23:01
    0
    Command Economy

    Explanation:

    Command economy is an economic system in which the economic resources is left in the hands of the government, in this system, the economic problems of what to produce, how to produce, for whom to produce and when to produce are solved by the government through a central planning committee.

    The operators of this system believe the market will not be efficient enough in the allocation of resources because of market failure
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In the former USSR, state planners decided what was to be produced. They passed orders down to factories, allocating raw materials, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers