Search results
Results from the WOW.Com Content Network
Decentralized planning is usually held in contrast to centralized planning, in particular the Soviet-type economic planning of the Soviet Union's command economy, where economic information is aggregated and used to formulate a plan for production, investment and resource allocation by a single central authority. Decentralized planning can take ...
State planning of the economy required processing large amounts of statistical data. The Soviet State had nationalized the Odhner arithmometer factory in Saint Petersburg after the revolution. The state began renting tabulating equipment later on. By 1929, it was a very large user of statistical machines, on the scale of the US or Germany. The ...
The USSR practiced some form of central planning beginning in 1918 with War Communism until it dissolved in 1991, although the type and extent of planning was of a different nature before imperative centralized planning was introduced in the 1930s. While there were many subtleties to the various forms of economic organization the USSR employed ...
It's also known by another name: central planning. Industrial policy's tools include giving out subsidies, tax preferences, trade protection, preferential financing, and regulatory advantages.
Traditionally, the process of planning for the transfer of assets to your loved ones after your death is known as estate planning. As you approach this process, you might also hear another term ...
Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism.
The State Planning Committee, commonly known as Gosplan (Russian: Госплан, IPA: [ɡosˈpɫan]), [1] was the agency responsible for central economic planning in the Soviet Union. Established in 1921 and remaining in existence until the dissolution of the Soviet Union in 1991, Gosplan had as its main task the creation and administration of ...
The economic calculation problem (ECP) is a criticism of using central economic planning as a substitute for market-based allocation of the factors of production. It was first proposed by Ludwig von Mises in his 1920 article " Economic Calculation in the Socialist Commonwealth " and later expanded upon by Friedrich Hayek .