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A planned economy is an economic seestem in which decisions regardin production an investment are embodied in a plan formulatit bi a central authority, uisually bi a public body such as a govrenment agency.[1][2]

ReferencesEedit

  1. Alec Nove (1987), "planned economy," The New Palgrave: A Dictionary of Economics, v. 3, pp. 879–80.
  2. See Myant, Martin (2010). Transition Economies: Political Economy in Russia, Eastern Europe, and Central Asia. Hoboken, New Jersey: Wiley. ISBN 978-0-470-59619-7.  Unkent parameter |coauthors= ignored (help)