One characteristic of a centrally planned economy is a steady money supply that is backed usually by gold or silver. This economy is moderated by the state in order to control availability.
No. Since its creation in 1946, the Italian Republic has never had a centrally planned economy.
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.
ummm
A centrally planned democratic free economy is one whereby the budget making process involves everyone.
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
A centrally planned economy usually has one central body (government agency) that determines the products that should be produced and how they should be sold. In a centrally planned economy, the forces of demand and supply will play a very small role in pricing or export and imports.
In a centrally planned economy, the central government decide which part of the country to allocate cash and which one not to.
No. Since its creation in 1946, the Italian Republic has never had a centrally planned economy.
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.
ummm
A centrally planned democratic free economy is one whereby the budget making process involves everyone.
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
the most extreme example of a centrally planned economy are china,hongkong,cua and north korea
a centrally planned economy
i dnt no
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.