Planning is the main feature of the socialist economy. Explain.

1.	Planning is the main feature of the socialist economy. Explain.
Answer» It is through planning that the basic problems of an economy are solved by the socialist economy. Regarding what to produce, how to produce and for whom to produce is done to ensure social welfare. Goods and services are produced and distributed accordingly. The amount of goods and services required for the society is calculated and production is done accordingly.

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