Question 203
What was the name of the GDR's economic system?
Deutsch: Wie hieß das Wirtschaftssystem der DDR?
Answer options
- Planned economy✓ Correct answer
- Capitalism
- Market economy
- Supply and demand
Explanation
The question relates to the German Democratic Republic (GDR), a socialist state that existed from 1949 to 1990. In order to find the right answer, one should have a basic knowledge of political and economic systems of the 20th century. In particular, it deals with the differences between state-controlled economy, free market economy and capitalist systems, as well as how production, prices and distribution of goods were organised.
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