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Which of these should determine, in a planned economy how the factor of producti...


Question

Which of these should determine, in a planned economy how the factor of production are to be allocated among different production activities

Options

A)
Fairness
B)
The distribution of income and wealth
C)
Public need which is determined by the government
D)
Private needs determined by the market
E)
The ability of individual to make profit

The correct answer is C.


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