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Wednesday, 08 April 2026
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An economic system where the central planning authority determines what goods to ...

An economic system where the central planning authority determines what goods to produce and in what quantity is known as
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Market economy
  • B Socialist economy
  • C Welfare economy
  • D Traditional economy
Correct Answer: Option B
Explanation:

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