Monday 7th February, 2022

P.O.B

1.There are two advantages of a planned economy:

-The government will focus on the needs of consumer for their survival
-There will be less crime rate

2.There are thee disadvantages of Planned economy:

-Consumers can’t choose for their needs
-The government do not have resources to help business
– It is difficult to plan the needs of the population

3.

4. i) China has the free market

ii) Cuba has the planned economy
iii) United States of America has the mixed economy

4.Goods is something that are tangible and services is an intangible use for consumers