Logged out
Access All our Essays in an Instant
Swap your work for FREE access, or pay £4.99 for instant access
In a Planned Economy, the government decides what is produced, by whom and for whom
Member rating: No Rating | Words: | Submitted: Wed Aug 20 2003
Page Preview
On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:
a r e p o r t o n PLANNED ECONOMY Done By: Fares Nimri, Moh'd Quadi and Inam Mufleh In a Planned Economy, the government decides what is produced, by whom and for whom. The government can also decide in what quantities are these items to be produced. This leads the government to controlling the use of resources in addition to the control of what labor produces and where to produce it, after producing these goods the government plans what to do with these goods. Market forces, which are supply and demand, do not decide who receives goods and services, Most Communist countries (e.g. China, Cuba, USSR before 1989 and other communist countries) are all examples of centrally planned economies. Planned Economies can also be called 'command economies. In a Centrally Planned Economy or a Command Economy Consumers usually have little choice; this is because there is sometimes no private property which means that...
Get instant access
- Instant, unlimited access to our documents in full
- Swap your work for free access, or pay £4.99
- To see the full version of this document and 147,309 others
Receive email updates for this category
- Simply tell us your email address and receive a weekly Study Help Email for FREE
- Receive 3 FREE essay views with each email
- Get all the latest essays from Coursework.Info & discussion from TheStudentRoom.co.uk
