In Country Z, a central government agency owns all major industries, including steel mills and automobile factories. This agency creates a detailed five-year plan that dictates the exact quantity of cars to be produced, the amount of steel to be allocated to the factories, the wages for all auto workers, and the final sale price of the cars. Which economic system do these characteristics best describe?

In a centrally planned economic system, the primary objective for a state-owned enterprise is to maximize its financial profit by accurately anticipating and satisfying consumer demand.

In an economic system where a central authority makes the primary decisions about production and distribution, match each economic function to its corresponding description.