The Planned System
Also known as the command system or the collectivist system.
The government decides what is the made, how and where it is made, how mauch of it is made and how distribution takes places.
The resources are controlled by the government on behalf of producers and consumers, Price levls are not determined directly by the forces of supply and demand, but are fixed by the government.
The system however is not so successful when consumer desires and wants are greate, as they are throughout the world today.
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