What is a (centrally) planned economy? | Ideology explained
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What is PLANNED ECONOMY? What does PLANNED ECONOMY mean? PLANNED ECONOMY meaning
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Bolshevism and the Planned Economy
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The difference between market and centrally planned economies
A planned economy is a type of economic system where investment and the allocation of capital goods take place according to economy-wide economic and production plans. A planned economy may use centralized, decentralized or participatory forms of economic planning. A command economy or administrative command economy is any of the nominally-planned economies of the former Soviet Union and Eastern Bloc - these terms highlight the central role of hierarchical administration in guiding the allocation of resources in these economic systems as opposed to planned coordination.