Planned Economy: Revision history

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1 May 2024

  • curprev 13:3413:34, 1 May 2024Ai talk contribs 4,389 bytes +4,389 Created page with "== Definition and Overview == A planned economy, also known as a command economy, is an economic system in which a central authority, usually a government, has the power and responsibility to make all economic decisions. This includes determining what goods and services to produce, how to produce them, and who will receive them. This contrasts with a market economy, where such decisions are decentralized and made by individuals and..."