How are resources allocated in a planned economic system 100 to 150 wo – InterviewSolution

1.	How are resources allocated in a planned economic system 100 to 150 word
Answer» E allocation is generally the PROCESS of distributing DIFFERENT types of goods and resources to produce various goods and services.There are resource allocation in various sectors:-Resource allocation can be in free market economy-According to the demand and supply of the market forces the resources are allocated accordingly.Resource allocation can be in command economy-The resources are allocated by the government.In mixed allocation both public and private sector PLAY an IMPORTANT role.

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