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What arguments do economists offer to explain the collapse of central planning? To understand why central planning collapsed it is necessary to first understand what central planning is. Central planning is a method of market control whereby the demand and supply of goods and services is regulated solely by the government. Any centrally planned government experiences 100% government intervention to decide the availability of goods and services. There are two other types of market / economy presently. There is that of the free market such as experienced by the USA wherein demand and supply are the sole influence on the availability of goods and services. There is the mixed market economy, wherein there is, although limited, government intervention in the demand and supply of goods and services. Some industries are given artificially high prices and incentives. Some industries are government funded such as the NHS to provide it relatively "free" to...

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