A merchandiser's statement of retained earnings looks exactly like that of a service business

Which of the following is true about planned economies?

a) in a planned economy, entrepreneurs have economic incentives that encourage innovation b) in a planned economy, market regulations reduce the risk of economic stagnation c) in a planned economy, individuals benefit from innovation than the state does d) in a planned economy, the state owns all means of production

Substantial performance is performance that is complete enough that there is no breach

Indicate whether the statement is true or false