Planned Economic Systems
Published on Feb 06, 2016
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MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
Definition
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Controls:
- What to producde
- How to produce
- Whom to produce for
Cuba
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North Korea
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ADVANTAGES
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Prices are controlled
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Less inequality of wealth
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No duplication
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Low levels of unemployment
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Elimination of waste
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No choice
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Lack of innovation
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Encourages black markets
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Agriculture
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Controlled distribution of wealth
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Planning
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Communist party
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TQ fR13nDz
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