February 21, 2017

Homework Help: Economics

Posted by Jess on Saturday, October 4, 2008 at 8:24am.

What is the difference in terms of economic growth, economic development and resource allocation between a market structure and a centrally planned economy (use PPF to explain)?

I'm not sure how to compare planned economies with market structure, because it seems to make more sense to compare it to something like free mark economies.

Thanks in advance!

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