its the same thing
china is centrally planned economy its means that all the things in china are occupies by china government. they will decide what to produce, where to produce, how to produce it also decides that in which quantity they has to produce the thing.
It has a dictator. That means that it may have a command economy or planned economy or centralized economy (they all mena the same thing).
There is no difference. Government and government are the same thing.
It is the same as ours, so is there government.
There is no difference. Government and government are the same thing.
Centralized planning refers to when the guidance of the economy by direct government control over a large portion of economic activity. This would contrast with allowing the market to do the same thing.
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Command Economy The person above was wrong... the correct answer is called communism... it's a not so lovely little thing I like to call " the government is stupid why are they in control". How's that for communism?
There is no such thing as a Communist government or a Communist economy. Communism means no classes, no government, no money.
No. The "state" is another way of saying "government". It is the same thing.