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 former U.S.S.R., Cuba, and Venezuela (see Communism and Socialism) are examples of governments that operate based on a command or planned economy.


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

TThe Modern Republic Moderate Republican Democrat Bipartisan PAC Public Policy
  • Political Speech
  • LinkedIn - Black Circle
  • Facebook - Black Circle
  • Twitter - Black Circle
  • YouTube - Black Circle
  • Google+ - Black Circle

This website and all of its content are for the purpose of free education on the subjects of government and politics

#Education #Government #Politics

#Free #GiveBack


Logo Rounded Edge Transparent Grey.png