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centrally planned economies

Title English: 
centrally planned economies
Definition English: 
An economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses. Unlike a market economy in which production decisions are made by private citizens and business owners, a centrally planned economy seeks to control what is produced and how resources are distributed and used. The production of goods and services is undertaken by state-owned enterprises.
Title Arabic: 
الاقتصادات المخطّطة مركزياً
Title French: 
planifications économiques centralisées
Economic Development
Economic Analysis
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