MCQOPTIONS
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| 1. |
What is planning by direction ? |
| A. | Under planning by direction, the State has complete control over the means of production and the Central Planning Authority formulates a plan for the country. |
| B. | The State has complete control over the means of production. However, planning is decentralized. |
| C. | The State directs the entrepreneurial class to perform various economic activities according to a plan formulated by the government. |
| D. | There is a Central Planning Authority. However, market forces are allowed to operate in the economy. |
| Answer» B. The State has complete control over the means of production. However, planning is decentralized. | |