Resource title

Centrally Planned Economy

Resource image

image for OpenScout resource :: Centrally Planned Economy

Resource description

A centrally planned economy is one in which the total direction and development of a nation's economy is planned and administered by its government. The antithesis of central planning is capitalism which is characterized by private sector control of production, distribution, and consumption.

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Resource publish date

Resource language

en

Resource content type

text/html

Resource resource URL

http://www.referenceforbusiness.com/encyclopedia/Ca-Clo/Centrally-Planned-Economy.html

Resource license

Copyright © 2011 Advameg, Inc.