Wie hieß das Wirtschaftssystem der DDR?

What was the economic system of the GDR called?

Correct answer

Planwirtschaft

planned economy

Why

The GDR had a centrally planned economy (Planwirtschaft): the state set production targets and prices in five-year plans. West Germany had a social market economy.

Answer choices

AMarktwirtschaftmarket economy
BPlanwirtschaftplanned economy
CAngebot und Nachfragesupply and demand
DKapitalismuscapitalism