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Socialist system
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.
Planned (command, centrally planned, or controlled) economy
Planned Economies are regulated by a Governmental Ministry.
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.
One disadvantage of the planned economy is that there is inefficient resource distribution.
It is a Planned Economy
Socialist system
both the government and the public control the economy, were as Russia is a planned economy because everything is planned and the government has full control
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.
Planned (command, centrally planned, or controlled) economy
Planned Economies are regulated by a Governmental Ministry.
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.
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.
korea
Planned (command, centrally planned, or controlled) economy
A planned or command economy.