In a planned economy, the element that is out of place is "Multi-party democracy".

Here's why:

1. A planned economy, also known as a command economy, is characterized by the state's control over all major aspects of economic production and distribution. This includes both the control of production and prices, which are determined by the government rather than market forces.

2. In such economies, the government typically exercises a high degree of control over the economic life of the country, which often extends to political life as well. This is why an authoritarian government, which is characterized by strong central power and limited political freedoms, is often associated with a planned economy.

3. On the other hand, a multi-party democracy, which is characterized by the presence of multiple political parties and free elections, is typically associated with a market economy rather than a planned economy. In a market economy, economic decisions and pricing are guided by the interactions of a country's individual citizens and businesses.

Therefore, a multi-party democracy is the element that is out of place in a planned economy.

Question

In a planned economy, the element that is out of place is "Multi-party democracy".

Here's why:

1. A planned economy, also known as a command economy, is characterized by the state's control over all major aspects of economic production and distribution. This includes both the control of production and prices, which are determined by the government rather than market forces.

2. In such economies, the government typically exercises a high degree of control over the economic life of the country, which often extends to political life as well. This is why an authoritarian government, which is characterized by strong central power and limited political freedoms, is often associated with a planned economy.

3. On the other hand, a multi-party democracy, which is characterized by the presence of multiple political parties and free elections, is typically associated with a market economy rather than a planned economy. In a market economy, economic decisions and pricing are guided by the interactions of a country's individual citizens and businesses.

Therefore, a multi-party democracy is the element that is out of place in a planned economy.

Knowee AI · Accepted Answer

In a planned economy, the element that is out of place is "Multi-party democracy".

Here's why:

1. A planned economy, also known as a command economy, is characterized by the state's control over all major aspects of economic production and distribution. This includes both the control of production and prices, which are determined by the government rather than market forces.

2. In such economies, the government typically exercises a high degree of control over the economic life of the country, which often extends to political life as well. This is why an authoritarian government, which is characterized by strong central power and limited political freedoms, is often associated with a planned economy.

3. On the other hand, a multi-party democracy, which is characterized by the presence of multiple political parties and free elections, is typically associated with a market economy rather than a planned economy. In a market economy, economic decisions and pricing are guided by the interactions of a country's individual citizens and businesses.

Therefore, a multi-party democracy is the element that is out of place in a planned economy.

Which of the following is out of place in a planned economy?Group of answer choicesMulti-party democracyState control of productionState control of pricesAuthoritarian governm

Question

Solution

Similar Questions

Upgrade your grade with Knowee