Which of these should determine, in a planned economy how the factor of production are…

Which of these should determine, in a planned economy how the factor of production are to be allocated among different production activities
  • A.
    Fairness
  • B.
    The distribution of income and wealth
  • C.
    Public need which is determined by the government
  • D.
    Private needs determined by the market
  • E.
    The ability of individual to make profit
Correct Answer: Option C
Explanation
You May Also Like