The economic system in which the state takes the economic decision s through detailed planning is
Answer Details
The economic system in which the state takes the economic decisions through detailed planning is called socialism. In a socialist system, the government owns and controls the means of production, such as factories and natural resources, and makes decisions on how to allocate resources and distribute goods and services to the people. The goal of socialism is to promote social and economic equality by ensuring that everyone has access to basic necessities, such as food, shelter, and healthcare, regardless of their income or social status.