Planned economy - Wikipedia, the free encyclopedia
A planned economy or directed economy is an economic system in which the state or workers' councils manage the economy. It is an economic system in which the central government makes all decisions...
en.wikipedia.org/wiki/Planned_economy
While capitalism is generally regarded as an economic rather than a political system, centrally planned economies have strong political overtones and are closely associated with socialistic and communistic governments.
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Hutchinson encyclopedia article about Centrally planned economies. Centrally planned economies. Information about Centrally planned economies in the Hutchinson encyclopedia. ... Centrally planned economies; Centrally planned economy; Centrally planned economy; Centrally Procured Equipment; Centrally Sponsored Schemes;
encyclopedia.farlex.com/Centrally+planned+economies encyclopedia.farlex.com/Centrally+planned+economies
To stress the centralized character of planned economies and to contrast the term with the economic planning required in any rational economy, a more specific term, centrally planned economy, is also used. ... 1 Support for centrally planned economies...
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In a planned economy, however, the government might decide that only one kind of cereal is necessary-this might seem more efficient than spending money on several different brands and their advertising. That is, in a planned economy.
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Second, a planned economy can maximize the continuous utilization of all available resources. This means that planned economies do not suffer from a buisness cycle...
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However, the farms were centrally planned and administered by a hierarchy of orders and decrees that trickled down from a central committee at the national level to regional, provincial, district, village and community representatives.
www.ifad.org/lrkm/theme/husbandry/pi/impact_2.htm
In such a system, determining the proportion of total product used for investment rather than consumption becomes a centrally made political decision. After this decision has been made, the central planners work out the assortment of goods to be produced and the quotas for each enterprise.
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This paper identifies obstacles hindering the transformation of centrally-planned economies (CPEs) into well-functioning market economies. The analysis is motivated by the recent experience with economic transformation and restructuring in Eastern Europe and the U.S.S.R. The economic system in CPEs is highly distorted.
www.nber.org/papers/w3776
Centrally planned economies: the Soviets at peace, the United States at war from American Journal of Economics and Sociology, The provided by Find Articles at BNET ... In a planned economy ". . . the individual firm produces and employs resources primarily by virtue of specific directives . . . The firm's principal...
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