In a centrally planned economy, the central government decide which part of the country to allocate cash and which one not to.
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
The type of government determines how a government becomes centrally planned.
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
it controls all major sectors of the economy and formulates all decisions about their use and about the distribution of income
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
The factors and resources that the government owns in a centrally planned economy include decisions, pricing, and the entire market.
Centrally Planned Economy
the government
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
I don't quite understand your question, isn't the definition of a centrally-planned economy one in which the government plans the economy? I imagine that in most centrally planned economic schemes the government would either determine the prices or set a cap for essential goods.
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.
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.