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  2. Economic planning - Wikipedia

    en.wikipedia.org/wiki/Economic_planning

    Economic analysts have argued that the economy of the Soviet Union actually represented an administrative or command economy as opposed to a planned economy because planning did not play an operational role in the allocation of resources among productive units in the economy since in actuality the main allocation mechanism was a system of ...

  3. Planned economy - Wikipedia

    en.wikipedia.org/wiki/Planned_economy

    A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized , decentralized , participatory or Soviet-type forms of economic planning .

  4. Resource allocation - Wikipedia

    en.wikipedia.org/wiki/Resource_allocation

    In the context of an entire economy, resources can be allocated by various means, such as markets, or planning. In project management, resource allocation or resource management is the scheduling of activities and the resources required by those activities while taking into consideration both the resource availability and the project time. [1]

  5. Economic system - Wikipedia

    en.wikipedia.org/wiki/Economic_system

    An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.

  6. Socialist economics - Wikipedia

    en.wikipedia.org/wiki/Socialist_economics

    A centrally planned economy combines public ownership of the means of production with centralized state planning. This model is usually associated with the Soviet-type command economy. In a centrally planned economy, decisions regarding the quantity of goods and services to be produced are planned in advance by a planning agency.

  7. Economic calculation problem - Wikipedia

    en.wikipedia.org/wiki/Economic_calculation_problem

    Caplan also states the exaggeration of the problem; in his view, Mises did not manage to prove why economic calculation made the socialist economy 'impossible', and even if there were serious doubts about the efficiency of cost benefit analysis, other arguments are plentiful (Caplan gives the example of the incentive problem).

  8. Material balance planning - Wikipedia

    en.wikipedia.org/wiki/Material_balance_planning

    Material balancing involves taking a survey of the available inputs and raw materials in an economy and then using a balance sheet to balance the inputs with output targets specified by industry to achieve a balance between supply and demand. This balance is used to formulate a plan for resource allocation and investment in a national economy ...

  9. Soviet-type economic planning - Wikipedia

    en.wikipedia.org/wiki/Soviet-type_economic_planning

    [citation needed] In order to encourage economic integration and maintain soviet economic planning, the International Bank for Economic Cooperation was established in Moscow in 1963, and the 'transferable ruble' was introduced. [4] The integration failed to materialize for a number of reasons.

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