Command economy (also called a Planned economy) is an economic system where investment, supply, price, and distribution are planned by government agencies. Examples include the former Soviet Union and contemporary North Korea.
Share it: Cite
Previous: ← Coming out
Next: Commodification →
More from this Section
- Routine activities theory
Routine activities theory is the notion that criminal victimization increases when motivated ...
- Bio-Psychological constants
Bio-Psychological constants means Marvin Harris’s four predispositions or drives that ...
Politics is in Harold Lasswell’s words, “who gets what, when, and how”. ...
- Cognitive ability
Cognitive ability is the ability to think in abstract terms. ...
- Altruistic suicide
Altruistic suicide can be defined as durkheim's term for suicide that is performed for ...