Question 15
Which economic theory is often called command or planned economies ?

Centrally Planned Economy

Explanation: A centrally planned economy, also known as a command economy, is an economic system that is controlled through strong authority. The government will make economic decisions regarding the manufacturing and the distribution of products.

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basic principles: federalism, separation of powers, checks and balances, judicial review, representative democracy, limited government, rule of law, individual rights and responsibilities, consent of the governed, majority rule, popular sovereignty, equal protection.