Topic: Planning The Economy
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What is a Planned Economy?
A planned economy is an economic system which is managed in one way or another by the state or government. The state or government decides the use and distribution of their income. Read More »
Source: http://answers.ask.com/Business/Finance/what_is_a_planned_economy
What is 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 the entire economy. Read More »
Source: http://answers.ask.com/Society/Philosophy/what_is_a_centrally_pla...
How to Plan for College During a Bad Economy
As a student, you want a good college education. The idea is to afford college while attending and graduate without a lot of debt. A college education does not guarantee a good job--or a job at all. To get your degree, you will have to plan... Read More »
Source: http://www.ehow.com/how_4576218_plan-college-during-bad-economy.h...
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Planning The Economy
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A Planned economy, also known as a command economy, is an economic system in which the state directs the economy. The central government controls industry such that it makes all decisions regarding the production and distribution of goods a...
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Source: http://wiki.answers.com/Q/What_are_the_characteristics_of_a_plann...
There are two general limitations: Inefficient resource distribution: surplus and shortage; The economic planners are unlikely able to accurately predict future supply and demand. Without market forces to adjust demand and supply you will l...
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Source: http://wiki.answers.com/Q/What_are_the_limitations_of_a_planned_e...
Each collective or factory sets its own goals.
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History records no advantages of such a thing. And it has been tried many, many times.
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Source: http://wiki.answers.com/Q/What_are_advantages_of_a_centrally_plan...
Socialist system
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GOING BACK 30 YEARS TO NOW CHINA, POLAND, CUBA, YUGOSLAVIA, USSR, AND ROMANIA.
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Source: http://wiki.answers.com/Q/What_countries_are_a_centrally_planned_...
