Question 203
Wie hieß das Wirtschaftssystem der DDR?What was the economic system of the GDR called?
Options
- MarktwirtschaftMarket economy
- PlanwirtschaftPlanned economy
- Angebot und NachfrageSupply and demand
- KapitalismusCapitalism
Explanation
The DDR followed a centrally planned economy (Planwirtschaft), in which production targets, prices and distribution were fixed by the state. Market mechanisms such as supply and demand played only a minor role, in contrast to the social market economy practiced in West Germany.