Planned Economy: Government Control
Students will explore a planned economy where the government makes most economic decisions, controlling what is produced and how, and discuss its basic features.
About This Topic
Students will explore a planned economy where the government makes most economic decisions, controlling what is produced and how, and discuss its basic features.
Key Questions
- Who decides what products are made and sold in a planned economy?
- What are some reasons a government might want to control the economy?
- What are some advantages and disadvantages of a planned economy?
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