To stress the centralized character of planned economies and to contrast the term with the economic planning required in any rational economy, a more specific term, centrally planned economy, is also used. Although a planned economy may include exchanges of money, these exchanges are less ...
Is France a command or market economy? Explain the term "centrally planned economy"? Relating to economics, define mixed economy. What is the definition of a developing economy? What is the relevant and proper definition of a developed economy?
What goods and services will be produced, how the goods and services will be produced, and who will receive the goods and services are determined: A. in centrally planned economies by the government. What is the meaning of surplus balance of payment?
What is an example of an economic system that is not capitalist, not centrally planned, and not a mixture of the two? Describe a real or made up but realistic example of a product that went through a time of scarcity, when demand was greater than the supply. What is the product, and...
Explain the term "centrally planned economy"? Define microeconomics and macroeconomics. Define Keynes' main economic principles and ideology. Define an agrarian economy. How do socialism and communism differ when it comes to government systems? If you were an economist, how would you define microecono...