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Planned Economy

Published on Nov 18, 2015

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PRESENTATION OUTLINE

1.

PLANNED ECONOMY

Photo by anieto2k
2.

CHARACTERISTICS

GOOD? OR BAD ?
Photo by nickwheeleroz
3.

PUBLIC OWNERSHIP

ALL F.O.P ARE OWNED BY STATE APART FROM LABOR
Photo by StripeyAnne
4.

NO FREEDOM OF ENTERPRISE

  • All individuals are not allowed to own any business
  • Firms are all owned by state
  • Not profit motivated
  • Aims to maximize welfare of citizens
Photo by ~maja*majika~
5.

PUBLIC OWNERSHIP

ALL f.o.P ARE OWNED BY STATE OTHER THAN LABOR
Photo by StripeyAnne
6.

EQUALITY OF WEALTH & INCOME

  • Everyone will receive their needs
  • Equal treatment received
  • Education, healthcare & public goods are free
Photo by Taekwonweirdo
7.

NO CONSUMER SOVEREIGNTY

GOVERNMENT DECIDES WHAT AND HOW MUCH TO PRODUCE
Photo by StripeyAnne
8.

EQUALITY OF INCOME AND WEALTH

  • Whole of society receive their needs
  • Equal treatment for everyone
  • Education,healthcare, public goods are free
Photo by Taekwonweirdo
9.

NO FREEDOM OF ENTERPRISE

  • Individuals are not allowed to own any business
  • All firms owned by state
  • State owned firms are not profit motivated
  • Aims to maximize welfare of citizens
Photo by ~maja*majika~
10.

NO FREEDOM OF ENTERPRISE

  • All individuals are not allowed to own businesses
  • All firms owned by state
  • Not profit motivated
  • Aims to maximize the welfare of citizens
Photo by ~maja*majika~
11.

PUBLIC OWNERSHIP

ALL f.o.p ARE OWNED BU STATE APART FROM LABOR
Photo by fung.leo
12.

EQUALITY OF INCOME & WEALTH

  • Everyone will receive needs
  • All receive equal treatment
  • Education , healthcare & public goods are free
Photo by Taekwonweirdo
13.

NO CONSUMER SOVEREIGNTY

GOVERNMENT DECIDES WHAT AND HOW MUCH TO PRODUCE
Photo by UK Parliament
14.

NO CONSUMER SOVEREIGNTY

GOVERNMENT DECIDES WHAT & HOW MUCH TO PRODUCE
Photo by UK Parliament
15.

A HIGH,STABLE EMPLOYMENT RATE

Photo by roberthuffstutter
16.

HIGH,STABLE LEVEL OF EMPLOYMENT

Photo by roberthuffstutter
17.

HIGH,STABLE EMPLOYMENT RATE

Photo by roberthuffstutter
18.

EXAMPLES OF PLANNED ECONOMY

  • North Korea
  • Cuba
  • Turkmenistan
  • Myanmar ,Laos , Belarus
  • Libya,Iran , Iraq
Photo by Bradley Wells
19.

DISADVANTAGES

Photo by Blade Dancer
20.

THE LACK OF CHOICE

  • Consumers have little to say
  • Lacks competition
  • Produce poor quality products
  • Occupational immobility
  • Costly administration
Photo by My name's axel
21.

MISALLOCATION OF RESOURCES

  • Inefficiently allocated
  • Difficult planning
  • Accurate forecast are almost impossible
  • Planners imperfect knowledge of situation
  • Plans can become obsolete before importation
Photo by Senate Democrats
22.

ADVANTAGES

Photo by DieselDemon
23.

ADVANTAGES ARE :

  • Prices are kept under control ,so everybody can afford
  • Decrease unemployment as government provides jobs when production level increases
  • Elimination of waste resulting from competition
  • Less inequality in wealth
  • Guaranteed standard of life . As long as you're willing to work or meet production quota
Photo by renaissancechambara
24.

THE END .

Photo by aresauburn™

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