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Planned economies emerged in the early 20th century, primarily in response to the perceived failures of capitalism, particularly during the Great Depression. The most notable example is the Soviet Union, which implemented a centrally planned economy following the Russian Revolution of 1917. Governments aimed to control production, distribution, and prices to achieve economic stability and equality. This model was later adopted by various countries, often with the goal of rapid industrialization and social welfare.
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What is a planned economy regulated by?
Planned Economies are regulated by a Governmental Ministry.
In this type of economy the question of how many goods will be produces and supplied is not made by businesses?
Planned (command, centrally planned, or controlled) economy
How is the government involved in a 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.
What is the role of government in 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 this type of economy the question of how many goods will be produced and supplied is not made by businesses.?
Planned (command, centrally planned, or controlled) economy
What are some disadvantages of planned economy?
One disadvantage of the planned economy is that there is inefficient resource distribution.
How is the economy of totalitarian govern states?
It is a Planned Economy
Why does Spain have a mixed economy?
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
What is a planned economy regulated by?
Planned Economies are regulated by a Governmental Ministry.
In this type of economy the question of how many goods will be produces and supplied is not made by businesses?
Planned (command, centrally planned, or controlled) economy
How is the government involved in a 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.
What countries have planned economy?
korea
What is the role of government in 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.
What is the governments role in 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 this type of economy the question of how many goods will be produced and supplied is not made by businesses.?
Planned (command, centrally planned, or controlled) economy
What is the type of economy where rulers decide what is to be produced?
A planned or command economy.
How is a government involved in a centrally planned economy?
In a centrally planned economy, the central government decide which part of the country to allocate cash and which one not to.
