posted on Jan, 7 2009 @ 01:18 AM
reply to post by Cairowoman
Google fail you? How about wikipedia?
"A planned economy or directed economy is an economic system in which the government or workers' councils manages the economy.[1] Its most extensive
form is referred to as a command economy,[2] centrally planned economy, or command and control economy[3]. In such economies, central economic
planning by the state or government is so extensive that it controls all major sectors of the economy and formulates all decisions about their use and
about the distribution of income.[4] The planners decide what should be produced and direct enterprises to produce those goods.[5] Planned economies
are in contrast to unplanned economies, such as a market economy, where production, distribution, pricing, and investment decisions are made by the
private owners of the factors of production based upon their own and their customers' interests rather than upon furthering some overarching
macroeconomic plan."
Still think this isn't a result of centralized planning?
Or do you just think it is fun to argue the obvious?
"Important planned economies that existed in the past include the economy of the Soviet Union, which was for a time the world's second-largest
economy[citation needed], China during its Great Leap Forward, and India, prior to its economic reforms in 1991, Afghanistan under the Soviet
occupation and under the Taliban, and Iraq under Saddam Hussein from 1979 to 2003."
[edit on 7-1-2009 by Exuberant1]