Define the planned or command economy system, Business Economics

Assignment Help:

Define the planned or command economy system.

Planned or command economy:

Resources are owned through the state. The state assigns resources, and sets production goals and growth rates as per its own view of people's requirements. Income distribution is decided through the state. Prices play small or no part into informing resource allocation decisions as well as queuing rations scarce goods.


Related Discussions:- Define the planned or command economy system

What are the formal and informal sectors, What are the formal and informal ...

What are the formal and informal sectors? Formal and informal sectors: Economic activities considered as to the government make up the formal sector of the economy. That

Fixed vs. flexible exchange rate, what is fixed vs.flexible rate of exchang...

what is fixed vs.flexible rate of exchange agreement?

How you would analyse the data using spss, This assignment focuses on the a...

This assignment focuses on the analysis of data within the research design process. Essentially there are two parts to it: The first part will be an analysis of numerical da

Research analysis, what are the abstracting and indexing services in social...

what are the abstracting and indexing services in social science?

Di, Disadvantages of globalisation

Disadvantages of globalisation

What is failure effectiveness of world trade organisation, What is the fail...

What is the failure effectiveness of World Trade Organisation in the promotion of development? Failure effectiveness of World Trade Organisation in the promotion of developmen

Transactions and precautionary demand, 1.Classify each of the following as ...

1.Classify each of the following as related to the transactions demand, precautionary demand, or asset (speculative) demand for money. Explain: (a) Rodrigo keeps $200 in cash in

General theory of employment , The word of Keynesian -styles A Keynesian co...

The word of Keynesian -styles A Keynesian come about the rules creators on purpose look for to motivate additional than one of the modules of aggregate demand to improvement numbe

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd