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wealth is shared and distributed equally, especially for those who need it. aside from that, Natural Resources are divided properly and are not wasted.
What else can I help you with?
What is a centrally planned economy?
A centrally planned economy is an economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses.
What is a centrally-planned economy?
A centrally planned economy is an economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses.
What is the economic system that relies on habit custom or ritual to decide questions of consumption and production of goods and services?
a centrally planned economy
What are types of economic system?
Free economic system which is also called capitalist economy Centrally planned economic system which is also called the socialist economy Mixed economic system Military economic system
What is an economic system in which land property and capital property are properly owned and equally allocated and planned not controlled by a free market?
Centrally planned economy
What is an economic system in which the government owns most property and businesses and people have little freedom?
Well, the name for this type of system is centrally planned, and one country with this economic system is China.
Which economic system did socialism lead to?
Centrally-planned economies in the USSR and Eastern Bloc. Market socialism in Yugoslavia. State capitalism in modern day China and Vietnam.
What has the author Lechoslaw Garbarski written?
Lechoslaw Garbarski has written: 'From a centrally planned economy to a market system'
What is centrally planned socialism?
A command economy is one where the government decides what to produce, how to produce it, and who to produce it for. Socialism in its entirety is a command economic system. The term 'centralized' is synonymous with 'command' when it comes to types of economies.
What are the advantages of planned economic system?
There are few benefits to a centrally planned (controlled) economy. One benefit might be that the amount of funds used to manufacture a particular product can be firmly budgeted for. Thus there are no surprises or cost over runs.
What kind of economic system are described in the Hunger Games?
planned or command economic system
What is myanmar's economic system?
planned economy
