A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2025 · Q31 Mark
What is not a characteristic of a planned economy?
AConsumers have limited influence on what is produced.
BProfit is the motive for increasing output.
CResources are owned by the government.
DThere is limited competition in the market.
✓ Correct answer
B: Profit is the motive for increasing output.
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