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A planned economy is the economic system in which decisions regarding production and investment are embodied in a plan formulated by a central authority, ......
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[edit]. A centrally planned economy combines public ownership of the means of production with centralised state ......
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The command economy is a key feature of any communist society. China, Cuba, North Korea and the former Soviet Union are examples of countries that have ......
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Definition of command economy: An economy where supply and price are regulated by the government rather than market forces. Government planners decide....
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Definition of command economy: An economy where supply and price are regulated by the government rather than market forces. Government planners decide... ... command economy Definition An economy where supply and price are regulated by the government rath...
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Socialist economics refers to the economic theories, practices, and norms of hypothetical and existing socialist economic systems. A socialist economic system is based on some form of social ownership of the means of production, which may mean autonomous ...
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Get information, facts, and pictures about Command Economy at Encyclopedia.com. Make research projects and school reports about Command Economy easy with credible articles from our FREE, online encyclopedia and dictionary....
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command economy, economic system in which the means of production are publicly owned and economic activity is controlled by a central authority that assigns quantitative production goals and allots raw materials to productive enterprises. In such a system...