centralized planning vs free-market economy

  • 11Economy of the People's Republic of China — Economies of Special Administrative Regions of Hong Kong and Macau are administered separately from the rest of People s Republic of China. Therefore, the information below pertains only to mainland China unless specified otherwise. For the… …

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  • 12Economy of the Soviet Union — The economy of the Soviet Union was based on a system of state ownership, administrative planning, socialist competition and free labour. The Soviet Union created the modern world s first centrally planned economy. The first major project of… …

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  • 13Free to Choose — infobox Book name = Free to Choose author = Milton Friedman Rose Friedman country = United States language = English genre = Nonfiction publisher = Harcourt release date = 1980 media type = Print (Hardback Paperback) pages = 338 (1990 Reprint)… …

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  • 14Planned economy — This article is about an economic system controlled or directed by the state. For proposed economic systems that employs participatory or democratic planning, see Decentrally planned economy. Part of a series on Economic systems …

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  • 15Economy of Africa — The economy of Africa consists of the trade, industry, and resources of the peoples of Africa. As of July 2005, approximately 887 million people were living in 54 different states. Africa is the world s poorest inhabited continent. Though parts… …

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  • 16economic planning — Use of government to make economic decisions with respect to the use of resources. In communist countries with a state planning apparatus, detailed and rigid planning results in a command economy; land, capital, and the means of production are… …

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  • 17The Commanding Heights: The Battle for the World Economy —   …

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  • 18urban planning — n. the study or profession dealing with the growth and functioning of cities and towns, including environmental concerns, zoning, the infrastructure, etc. urban planner n. * * * Programs pursued as a means of improving the urban environment and… …

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  • 19Transition economy — A transition economy or transitional economy is an economy which is changing from a centrally planned economy to a free market. Transition economies undergo economic liberalization (letting market forces set prices and lowering trade barriers),… …

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  • 20Five-Year Plans for the National Economy of the Soviet Union — The Five Year Plans for the National Economy of the USSR (Russian: пятилетка, Pyatiletka ) were a series of nation wide centralized exercises in rapid economic development in the Soviet Union. The plans were developed by the Gosplan based on the… …

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