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Investments glossary

Centrally Planned Economy


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Quotes of the day:

Early morning hath gold in its mouth.

— Benjamin Franklin

A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products. Centrally planned economies are different from market economies, in which such decisions are traditionally made by businesses and consumers.

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