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...
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A centrally planned economy is one in which the total direction and development of a nation's economy is planned and administered by its government. The antithesis of central planning is capitalism which is characterized by private sector control of production, distribution, and consumption.
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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.
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Centrally Planned Economy. Dictionary terms for Centrally Planned Economy in English, English definition for Centrally Planned Economy, Thesaurus and Translations of Centrally Planned Economy to English, Chinese, French, Italian, Dutch, German, Russian, Japanese, Arabic, Swedish. ... Define Centrally Planned Economy...
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A selection of articles related to centrally planned economy ... A Wisdom Archive on centrally planned economy ... centrally planned economy: Encyclopedia II - Economy of Myanmar - Overview...
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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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Under a planned economy, neither unemployment nor idle production facilities should exist beyond minimal levels, and the economy should develop in a stable manner, unimpeded by inflation or recession. ... A planned economy can serve social rather than individual ends: under such a system, rewards, whether wages or...
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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. ... 2.1 Livestock production under the command economy...
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International Economic Journal Website ... The Permanent Export Hypothesis and Foreign Trade of a Centrally Planned Economy: A Case Study of North Korea ... Huge outstanding debts of Third World Centrally Planned Economies (CEPs) notwithstanding, their trades with industrialized countries have been continuing briskly.
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