My sumptuous wall by https://padlet.com/consygavoi/s37mb2do89o6 Made with a dash of wit en-us 2017-10-05 11:16:53 UTC 2023-03-02 12:47:30 UTC hello@padlet.com Business Organizations: Types of Economic Systems consygavoi https://padlet.com/consygavoi/s37mb2do89o6/wish/194239414 Economic and Political Theories]]> 2017-10-05 11:20:12 UTC https://padlet.com/consygavoi/s37mb2do89o6/wish/194239414 Planned Economy giuseppinamarceddu27 https://padlet.com/consygavoi/s37mb2do89o6/wish/195620539 The kind of economy represents the maximum intervention of a government in the countries.
The government is responsible for all decisions regarding production and distribution.
It establishes which goods will be produced, the quantity and their price. In fact the government doesn't rely on the market forces of supply and demand.
Socialism and communism are associated with a centrally planned economy.
Countries such as the ex-USSR and other Eastern European countries used to follow this model. Today the countries which follow a planned economy system are Cuba and North Korea.]]> 2017-10-10 14:33:05 UTC https://padlet.com/consygavoi/s37mb2do89o6/wish/195620539 giuseppinamarceddu27 https://padlet.com/consygavoi/s37mb2do89o6/wish/195650502 2017-10-10 15:17:10 UTC https://padlet.com/consygavoi/s37mb2do89o6/wish/195650502 giuseppinamarceddu27 https://padlet.com/consygavoi/s37mb2do89o6/wish/195651257 2017-10-10 15:18:11 UTC https://padlet.com/consygavoi/s37mb2do89o6/wish/195651257 ADVANTAGES OF PLANNED ECONOMY consygavoi https://padlet.com/consygavoi/s37mb2do89o6/wish/196155226 -Prices under control so everybody can afford to consume goods and services.
-Less inequality of wealth.
-Low level of unemployment for everybody.]]> 2017-10-11 18:02:15 UTC https://padlet.com/consygavoi/s37mb2do89o6/wish/196155226 DISADVANTAGES OF PLANNED ECONOMY consygavoi https://padlet.com/consygavoi/s37mb2do89o6/wish/196157051 -Less freedom and chice for citinzes.
-Shortages and over  supplies are common as production does not consider market demand.
-No incetive for innovation.]]> 2017-10-11 18:05:27 UTC https://padlet.com/consygavoi/s37mb2do89o6/wish/196157051 consygavoi https://padlet.com/consygavoi/s37mb2do89o6/wish/196159159 2017-10-11 18:09:23 UTC https://padlet.com/consygavoi/s37mb2do89o6/wish/196159159 consygavoi https://padlet.com/consygavoi/s37mb2do89o6/wish/196338116 2017-10-12 09:57:41 UTC https://padlet.com/consygavoi/s37mb2do89o6/wish/196338116