Скачать или смотреть Economic planning

Economic planning is a resource allocation mechanism that is contrasted with the market mechanism. As a coordinating mechanism for socialism, economic planning substitutes factor markets and is defined as a direct allocation of resources; contrasted with the indirect allocation mechanism of the market. There are various types of planning procedures and forms planning can take.
The level of centralization in decision-making in planning depends on the specific type of planning mechanism employed. As such, one can distinguish between centralized planning and decentralized planning. An economy primarily based on central planning is referred to as a planned economy. In a centrally planned economy the allocation of resources is determined by a comprehensive plan of production which specifies output requirements. Planning may also take the form of directive planning or indicative planning.


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