Question

What is one benefit of a centrally planned economy?
a. it allows entreprenuers to function freely
b. it produces more food
c. it offers lots of incentives for workers
d. it provides a jumpstart to some industries

Answer 1

The right answer for the question that is being asked and shown above is that: "d. it provides a jumpstart to some industries." one benefit of a centrally planned economy is that d. it provides a jumpstart to some industries

Answer 2

Answer:

d. it provides a jumpstart to some industries

Explanation:

A planned economy occurs when the state is the owner of the means of production, so it is up to the government to decide the quantity of production and the price. In this model, there are no private companies or competition.This type of economy is more common in communist countries such as North Korea. Because it is the state that decides what to produce, this economy tends to direct production to some specific industry. In the case of North Korea, the specialization was the war industry.