In which economic system does the government have complete control over manufacturing and production? market economy mixed economy open economy planned economy

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Brooke Hoover

Social Studies

7 February, 00:29

In which economic system does the government have complete control over manufacturing and production? market economy mixed economy open economy planned economy

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Sweety · Answer 1

D. In a planned economy, the factors of production are held exclusively by the State authority. In contrast, a market economy (A) allows for private enterprise while a mixed economy (B) has parts of both a market and a planned economy, and is the major form that most western nations use. An open economy (C) is the form used by countries that allows for imports and exports of goods and services.