who makes key decisions in a centrally planned economy
Planned economy Planned economies are usually associated with Soviet-type central planning, which involves centralized state planning and administrative decision making.[5] In command economies, important allocation decisions are made by government authorities and are imposed by law.[6] Planned economies are held in contrast to unplanned economies, specifically market economies, where production, distribution, pricing and investment decisions are made by autonomous firms operating in markets. Market economies that use indicative planning are sometimes referred to as “planned market economies”.