answersLogoWhite

0

A planned economy is also known as a command economy, and it is designed by a central governmental authority. It is a type of socialist economy, and it currently exists in North Korea, Laos, and Cuba.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

What is an economic system in which the government plans and determines the production of goods and services?

Command economy


What statement describe one major aspect of a command economy?

Supply and demand determines what will be produced.


What determines the optimal level of production in command economies?

The optimal level of production in a command economy is determined by the central planners and is consistent with government objectives rather than being a function of consumer desires.


What determines the production and distribution of goods in a communist system?

The answer to this question is impossible. Please try again.


What is pineapples DNA?

The DNA of pineapples contains genetic information that determines characteristics such as growth, development, and fruit production. It is organized into chromosomes and carries the instructions necessary for the pineapple plant to function and reproduce.


What is the initial factor that determines urine production?

Blood pressure


What are the factor that determines volume of production?

hwo to damand the cause of good sold.....how to determine the demand of production


Production in the Northeast centered on the development of?

Production in the Northeast centered on the development of: agriculture industry irrigation it is industry


Are there any grants available for the production of Scotch whisky"?

Yes, there are grants available for the production of Scotch whisky, typically offered by government agencies or industry organizations to support the development and promotion of the whisky industry.


According to Jared Diamond the increased food production of agricultural cultures led to the development of sophisticated forms of what?

goverment, technology, and military organization


The contributions of primary and tertiary production activities to the development of Nigeria?

production


Who determines a country's GDP?

all of the resources of production together produce the GDP

Trending Questions
What are peoples views on globalisation? What are the main econimic activities in the pampas? What factors must a business consider in choosing a method of transporting the goods they sell? Types of economies of scale? If the water supply in an environment increases what is LIKELY to happen to the number of organisms? What are the strength and weaknesses of law of supply and demand as regards to price determination? What is the impact of entrepreneurship on the community? How does the relationship between production costs and comparative advantage impact a country's ability to compete in the global market? What is a 1853 silver penny worth? How are savings and investments related and how can they work together to help you achieve your financial goals? Why is an understanding of development crucial to policy formulation in developing nations? What are the qualities that ane entrepreneurs must possess to be successful entrepreneur? For Pattern Day Trader rules is buying 200 shares of a stock and selling 100 of the shares and then later another 100 all during the same day considered 1 or 2 Day Trades - the SEC rules seem unclear? Did Champlain help the Indians with the fur trade? What are the disadvantages of fringe benefits? Will an affidavit of support be approved for a student working part-time if her immigrant husband has made over 125 percent of poverty line for years? What are the advantages and disadvantages of oil production to developing countries? How do entrepreneurs deal with Competition in economy? In Japan where did they get the money to industrialize? Why would adjusting the money supply the expected to increase economic growth during a recession?