Types of Economic Planning
Description: This quiz aims to assess your understanding of the various types of economic planning employed in different countries and contexts. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: economic planning types of economic planning central planning market planning mixed planning |
Which type of economic planning involves the government making all the decisions regarding resource allocation and production?
In a market planning system, who is primarily responsible for making economic decisions?
Which type of economic planning combines elements of both central planning and market planning?
Which country is often cited as an example of a successful implementation of central planning?
Which country is known for its free-market economy and minimal government intervention?
What is the primary goal of indicative planning?
Which type of planning is characterized by the government setting mandatory targets for production and resource allocation?
What is the main objective of rolling planning?
Which type of planning involves the government directly owning and operating industries and businesses?
What is the primary focus of physical planning?
Which type of planning emphasizes the role of market forces in resource allocation and production?
What is the main objective of social planning?
Which type of planning involves the government setting broad economic goals and objectives without imposing strict controls?
What is the primary focus of regional planning?
Which type of planning involves the government setting mandatory targets for production and resource allocation in specific sectors or industries?