Characteristics of a Centrally Planned Economy?


The characteristics of a centrally planned economy are diversified. This where the government controls all activities. They include controlling what is produced and who produces it.
Q&A Related to "Characteristics of a Centrally Planned Economy..."
A centrally planned economy is when the government makes the decisions about what will be produced, who will produce, when and how it be produced. Essentially, the government runs
A centrally planned economy provides services such as
China's economy is really a hybrid economy. The most important thing to remember is that China is led by the Chinese Communist Party, which has firm control over the government and
Explore this Topic
The primary advantage of a centrally planned economy is that it allows the government to guide economic growth. Central planning also allow the government to direct ...
A centrally planned economy is an system where economic decisions are made by the state or government rather than by the interaction between consumers and businesses ...
Characteristics of a planned economy are features or qualities used to identify a planned economy. One of these characteristics is a lack of any consumer or producer ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014