The government decides what to produce, how much, and from whom. this describes a (n)

The government decides what to produce, how much, and from whom. This describes a planned or command economy. This type of economy is where the government has total control over what's produced, how much and where they get their goods. The government regulates this heavily to make sure they are the main decision makers in the economy and it's changes.

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

i might look it up later.