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There are few benefits to a centrally planned (controlled) economy. One benefit might be that the amount of funds used to manufacture a particular product can be firmly budgeted for. Thus there are no surprises or cost over runs.
Jesse Barrows
Wiki User
∙ 15y agoA planned economy reduces uncertainty. This could help -inflation to increase at a slow and stable rate (price stability) -to maintain low unemployment -to keep the balance of payments in equilibrium -to acheieve high but sustainable economic growth these are the main macroeconomic government objectives.
Wiki User
∙ 11y agoHistory records no advantages of such a thing. And it has been tried many, many times.
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What kind of economic system are described in the Hunger Games?
planned or command economic system
What is myanmar's economic system?
planned economy
What kind of economic system does a socialist country have?
Planned
The government does what in a planned economy?
Runs the economic system
What are types of economic system?
Free economic system which is also called capitalist economy Centrally planned economic system which is also called the socialist economy Mixed economic system Military economic system
What kind of economic system are described in the Hunger Games?
planned or command economic system
What is myanmar's economic system?
planned economy
Advantages of a centrally planned economic system?
wealth is shared and distributed equally, especially for those who need it. aside from that, natural resources are divided properly and are not wasted.
What kind of economic system does a socialist country have?
Planned
What does the government do in the planned economy?
runs the economic system
WHAT DOES A government do in a planned economy?
runs the economic system
The government does what in a planned economy?
Runs the economic system
Which kind of economic system does a socialist country have?
Planned
The government does which of the following in a planned economy?
Runs the economic system
What are types of economic system?
Free economic system which is also called capitalist economy Centrally planned economic system which is also called the socialist economy Mixed economic system Military economic system
What is a centrally-planned economy?
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.
What is a centrally planned economy?
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.
