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.
Command economy
Supply and demand determines what will be produced.
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.
all of the resources of production together produce the GDP
In economics, a price system determines the allocation of scarce resources and induces supply to respond to change in demand. It also rations out scarce product, indicates change in want, is in use in the production of goods and services, and determines the reward factors of production.
Command economy
Supply and demand determines what will be produced.
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.
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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.
Blood pressure
hwo to damand the cause of good sold.....how to determine the demand of production
Production in the Northeast centered on the development of: agriculture industry irrigation it is industry
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.
goverment, technology, and military organization
production
all of the resources of production together produce the GDP