Question:
In a centrally planned economy, the central problems are solved by?
ADemand for goods
BPlanning authority
CSupply of goods
DMarket mechanism
Answer:
B. Planning authority
Explanation:
Method which can be employed to solve the central problems in a centrally planned economy, is the adoption of economic planning,for that Government sets up a central planning authority which has been called by several names, such as planning commission, planning ministry or planning board.