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A planned economy is one that is defined by " the economic system in which decisions regarding production and investment are embodied in a plan formulated by a central authority, usually by a public body such as a government agency". So essentially it is planned out by a government or similar body.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agosome examples are TD bank and CBC
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Which country has most extreme example of a centrally planned economy?
the most extreme example of a centrally planned economy are china,hongkong,cua and north korea
What is an example of mixed market economy?
Canada mixed Russia Planned USA market
A country with a booming economy and improving industrialization is an example of a country?
newly industrializing
Definition of planned economy?
A planned economy or directed economy is an economic system in which the government or workers' councils manages the economy. It is an economic system in which the central government makes all decisions on the production and consumption of goods and services. Its most extensive form is referred to as a command economy,centrally planned economy, or command and control economy
Explain how a government is involved in a centrally planned economy?
it controls all major sectors of the economy and formulates all decisions about their use and about the distribution of income
Which country has most extreme example of a centrally planned economy?
the most extreme example of a centrally planned economy are china,hongkong,cua and north korea
What country is th emost extreme example of a centraly planned economy?
Likely North Korea. Works for them!
How is a government involved in a centrally planned economy?
In a centrally planned economy, the central government decide which part of the country to allocate cash and which one not to.
What is an example of mixed market economy?
Canada mixed Russia Planned USA market
Can you name a country that has a planned economy?
North Korea is the most centrally planned economy in the world. Most others allow for *some* degree of private trade. Some other less centrally planned economies are: - China - Russia - Cuba
A country with a booming economy and improving industrialization is an example of a country?
newly industrializing
Definition of planned economy?
A planned economy or directed economy is an economic system in which the government or workers' councils manages the economy. It is an economic system in which the central government makes all decisions on the production and consumption of goods and services. Its most extensive form is referred to as a command economy,centrally planned economy, or command and control economy
Explain how a government is involved in a centrally planned economy?
it controls all major sectors of the economy and formulates all decisions about their use and about the distribution of income
An economy in which the central government makes all the decisions about a country's economic policies?
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
What are some disadvantages of planned economy?
One disadvantage of the planned economy is that there is inefficient resource distribution.
How is the economy of totalitarian govern states?
It is a Planned Economy
Which country has the GREATEST degree of a command economy out of Brazil Canada Cuba Mexico?
Cuba qualifies as such. It is a republic with a communist regime that has a command economy (i.e. centrally planned).
