Features of planned economy, Managerial Economics

Features of Planned Economy

The command economies relies exclusively on the state.  The government will decide what is made, how it is made, how much is made and how distribution takes place.  The resources - factors of production - on behalf of the producers and consumers.  Price levels are not determined by the forces of supply and demand but are fixed by the government.

Although division of labour and specialisation are found, the planned economies tend to be more self-sufficient and tend to take part in less international trade than market economies.

Posted Date: 11/27/2012 4:33:00 AM | Location : United States







Related Discussions:- Features of planned economy, Assignment Help, Ask Question on Features of planned economy, Get Answer, Expert's Help, Features of planned economy Discussions

Write discussion on Features of planned economy
Your posts are moderated
Related Questions
Q 3. What is Demand Forecasting? Explain in brief various methods of forecasting demand.

d/f b/w MRTS and MRS

An optimum Population Countries are often described as under populated or overpopulated.  From the economist's viewpoint these terms do not refer to the population density (i.

The city of Cabernet is very popular for its production of wine. The inhabitants of the city have an aggregate demand for wine that can be described as follows: where Q d

SOME DIFFICULTIES IN MEASURING NATIONAL INCOME National Income Accounting is beset with several difficulties. These are: a.       What goods and services to include A


Using the CPS data, set the sample to women only and regress lnwage on education & MARRIED (which is 1 if married and 0 if not) and 1-MARRIED. Give a 95 percent confidence interval

Shifts in the supply curve Shifts in the supply curve are brought about by changes in factors other than the price of the commodity. A shift in supply is indicated by an entir

One lumber producer may locate a plant in the same area.  If it does, there will be more competition for labor and the labor supply function facing Northern will shift to

You have been provided with daily data starting in January 2009 on the main New Zealand stock market index, the NSX-50. Choose a suitable model for measuring volatility on the New