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Central planning is an economic system where the government or a central authority makes all decisions regarding the production and distribution of goods and services. This approach aims to allocate resources efficiently and achieve specific economic or social goals, often seen in socialist or communist economies. It contrasts with market economies, where decisions are driven by supply and demand. Central planning can lead to inefficiencies and shortages if not managed effectively.
What else can I help you with?
What is planning and benefit of planning?
what is the benefits of planning
What is the planning?
The Plan is, there is no Plan.
What are the two levels of planning done in a business?
Enterprise-Wide Planning & functional planning
What does the activities during the planning include?
Project Planning involves 4 important phases. They are: 1. Planning the Project Scope 2. Planning the Project Resources 3. Planning the Project Schedule 4. Planning Quality & Risk Management
Briiefly explain types of planning?
The process of making plans for something. Types of planning depends on the field of interest. In business planning can be several types like strategic planning, marketing planning, sales planning and so on. Planning is what you do to achieve a goal or overcome a situation or design a way for the future.
Who were the Centeral Powers?
Germany, Austria-Hungary, and Turkey were the three of the centeral powers
What is the religion of most people in centeral America?
Almost everybody in centeral America are roman catholic
Are Centeral Bearded Dragons carnivores?
No, They are Omnivores
What is the postcode of Centeral London?
Most of it is W1
Where is the caribiean plate located?
centeral america
Is centeral Asia part of Asia?
Yes
Where did egyptians mostly entertain?
the centeral room
Who is the centeral character in the great gastby?
Nick Carraway
What is the centeral and largest body of your solar system?
The Sun.
Where are the Alps Mt located?
centeral Europe to the mediteranean.
Positivly charged centeral part of the atom?
proton
What is the name of Canada's centeral legislature?
Captain Crunch
