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Answer:

The government controls the market.

explaination:

In a centrally planned economy, also known as a command economy, the government is responsible for making all economic decisions. This includes determining what goods and services are produced, how they are distributed, and at what prices they are sold. The government typically owns the majority of the resources and means of production, which contrasts with a market economy where supply and demand dictate these factors. In such economies, consumer choice is often limited, and the variety of goods available may not meet the diverse needs of the population.

Topic: Economics, Centrally Planned Economy

Tags: economics centrally planned economy command economy government control

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In a centrally planned economy:

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