planned economy - Related Articles
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Planned economy or command economy - An economics system in which the state is responsible for resource allocation.
Planning - Planning is the process of deciding, in advance, what is to be done and how it is to be done.
PLANNED ECONOMY: An economy, or economic system, that relies heavily on central planning by government to allocate resources and answer the three basic questions of allocation. This is also commonly termed a command economy.
Centrally Planned Economy:
See Command economy.
Français: Economie planifiée et centralisée
Español: Economía de planificación centralizada, economía dirigida ...
Centrally Planned Economy - An economy in which the government, rather than free-market activity, controls the allocation of resources.
As to the first question, socialist and communist economists used to argue that a totally government controlled and planned economy would enjoy more rapid economic growth than a capitalist economy, ...
A command economy, also called planned economy, is directly controlled by the government. The state owns all property and controls all resources including land, labor, and capital in a command economy.
Sometimes called a "centrally planned economy."
Comparative advantage - The principle of comparative advantage states that a country will specialize in the production of goods in which it has a lower opportunity cost than other countries.
Socialism-defined as a centrally planned economy in which the government controls all means of production-was the tragic failure of the twentieth century.
A model organized around the tatonnnement process has been said to be a model of a centrally planned economy, not a decentralized market economy. Some research has tried, not very successfully, to develop general equibrium models with other processes.
collectivized farm a farm in a planned economy that is in theory collectively owned by peasants, but controlled by the government. (34)
command and control the regulations and restrictions that the government uses to correct market imperfections.
Definition - A centrally planned economy is an economy where decisions on what to produce, how to produce and for whom are taken by the government.
and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses and there is little government intervention or central planning. This is the opposite of a centrally planned economy, ...
In a market economy, "price" is the transaction value reached voluntarily by the buyer and seller, with neither under any compulsion to buy or sell. In a centrally planned economy, ...
1948 With the Decree 119 June 1948 the new Romanian communist regime nationalised all the existing private companies and their assets in Romania leading to the transformation of the Romanian economy from a market economy to a planned economy.
 See also: Market economy, Capitalism, Socialism, Intervention, Free market
  
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