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By having a planned economy Russia is making good revenue in the world market. This policy helps the Russians also in having the better employment rates and the minimum wages can also be higher than in some other countries of the world. All the sectors in Russia are benefited with the planned economy.
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Consequences of planned savings being greater than planned investment on income?
the economy will contract, total income and output decreases and may be the begining of a recession.
Does a planned economy provide equality of wealth?
That would depend completely on the kind of economy being planned. Some plans/ideas for economies, such as those of the Venus Project, do emphasise equality of wealth. Other planned economies, as seen with many communist systems historically, do not provide equality of wealth.
Can economic decisions benefit consumers in a free enterprise economy than in a command economy?
Economic decisions can benefit consumers more so in a free enterprise economy rather than in a command economy. This is so due to the fact that the free enterprise economy focuses on production and distribution being privately owned. This also allows the ability to allow products and services to be on a supply and demand basis.
Who answers the questions in a centrally planned economy?
Typically, a person who knows the answer will answer a question put to him and being in a centrally planned economy has nothing to do with it.If the question intends to ask "Who makes the decisions of how much to produce in a centrally planned economy?" the answer to that would be, generally speaking, the government, and specifically it would be an economics ministry of the state. In the Soviet Union, for example, there was the State Planning Committee, popularly known as Gosplan, that made key decisions in terms of how much to produce in all major industries.
What probes have been sent to venus or are planned to be sent?
The probes that have been sent or being planned to be sent to Venus are Voyager2 and that is it there are no other probes being planned to be sent to Venus.
What are the main newspapers in Russia escription of main newspapers in Russia?
Some of the main newspapers in Russia include Komsomolskaya Pravda, Izvestia, and Kommersant. These newspapers have a long history of being influential in Russia's media landscape and cover a wide range of topics including politics, economy, and culture.
What is a benefit of being a zoologist?
a benefit of being a zoologist is having paid vacation
Why after being allies in the war did the USA and Britain fall out with Russia?
Russia was committed to Communism and Russian citizens were trying to leave because of a dismal economy. Russia was convinced that Communism would work and was threatened by the success of Western economies. They closed their borders and entered into the cold war in an attempt to prove their capabilities.
What is the main resources in russia?
oil
What is the characteristics of the planned economy?
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 and services. A planed economy is usually directed by central economic plan which is either put in place or influenced by the government. In a Planned economy the planners decide what should be produced and direct lower-level enterprises to produce those goods in accordance with national and social objectives. The Soviet Union, China, and India were all planned economies in the past.
When did Russia stop being a monarchy and become a republic?
When did Russia stop being a monarchy and become a republic?
Is there any benefit to been lesbian?
No, but there is a benefit to being true to yourself.
