i think its, enterepreneurs would have fewer opportunities to start new businesses.
Workers would lose job security and guaranteed incomes.
Workers would lose job security and guaranteed incomes.
Workers would lose job security and guaranteed incomes.
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
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
A centrally planned democratic free economy is one whereby the budget making process involves everyone.
a centrally planned economy
the most extreme example of a centrally planned economy are china,hongkong,cua and north korea