answersLogoWhite

0

A centrally planned economy with all economic and political power resting in the hands of the central government is known as communism. Karl Marx developed communism into a scientific theory.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

In a centrally planned economy the three key economic questions are answered by the what?

central government alone


In a centrally planned economy the three key economic questions are answered by the .?

central government alone


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.


How does a government get involved in a centrally planned?

A government is involved in central planning because most governments are the center of social and legal planning for the countries they represent. The United States is an example of a government that centrally plans many aspects of the country.


As chief justice of the US John Marshall helped to ensure that?

the political and economic systems were based on a strong central government.


Who controls centrally planned economy?

The central government, i.e. the government of the state in question. Take for example North Korea.


Social economic and political conditions in the central visayas?

central visayas


An economic system in which the central government directs all major economic decisions?

an economic system in which the central government directs all major economic decisions


In the US central and state governments work together to make political economic and socila decisions for all citizens this form of government is called?

a democracy


What view did the federalist hold?

Federals held that a strong central government was important for the economic and political stability of the United States. Anti-federalists believed that if too much power was given to the central government, it would become a difficult situation.


Explain how a government is involved in a centrally planned economy?

it controls all major sectors of the economy and formulates all decisions about their use and about the distribution of income


In the US central and state governments work together to make political economic and social decisions for all citizens This form of government is called?

A federal republic