Writing of the Declaration of Independence

Command or Planned Economy


A Command or Planned Economy is an economic system in which the means of production are owned and controlled by a central government. Through central economic planning, a central government determines which products will be produced, in what amount, at what costs, and sold at a price.


The U.S.S.R. (see Communism and Socialism) is an example of a government that operated based on a command or planned economy.


A Command or Planned Economy is the opposite of a Market Economy or Capitalism.

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