Concept information
Preferred term
central planning
Definition
- In central-plan economies, major policy decisions are made in advance by the government. Most of the central plan economies were socialist or Communist countries such as the Soviet Union, China, and most of Eastern Europe. [Source: Encyclopedia of Environment and Society; Central Planning]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/central_planning
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