| Revision as of 03:59, 3 February 2007 editInstantiayion (talk | contribs)204 editsNo edit summary← Previous edit | Latest revision as of 05:10, 19 August 2020 edit undoDavide King (talk | contribs)Extended confirmed users104,663 edits #REDIRECT Planned economy#Command economy {{r to section}}Tag: Redirect target changed | ||
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| A '''command economy''' (often called a '''planned economy''' or '''centrally-planned economy''') is a ] where the government determines production levels and sets prices. This is said by supporters to be advantageous because it prevents unscrupulous businessmen from taking advantage of the people. It is criticized - chiefly by ] advocates such as ] - on the grounds that centralized planning has always been ineffective because it does not rely on ]s to guide production and distribution. | |||
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