Planned economy
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| - | '''Economic planning''' is a resource allocation mechanism that is contrasted with the [[Market (economics)|market]] mechanism. As a coordinating mechanism for [[socialist economics]], economic planning substitutes [[factor market]]s and is defined as a ''direct'' allocation of resources. This is contrasted with the ''indirect'' allocation mechanism of a market economy. There are various types that economic planning procedures and forms planning can take. | + | '''Economic planning''' is a resource [[allocation]] [[mechanism]] that is contrasted with the [[Market (economics)|market]] mechanism. As a coordinating mechanism for [[socialist economics]], economic planning substitutes [[factor market]]s and is defined as a ''direct'' allocation of resources. This is contrasted with the ''indirect'' allocation mechanism of a market economy. There are various types that economic planning procedures and forms planning can take. |
| ==See also== | ==See also== | ||
| *[[Calculation in kind]] | *[[Calculation in kind]] | ||
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Economic planning is a resource allocation mechanism that is contrasted with the market mechanism. As a coordinating mechanism for socialist economics, economic planning substitutes factor markets and is defined as a direct allocation of resources. This is contrasted with the indirect allocation mechanism of a market economy. There are various types that economic planning procedures and forms planning can take.
See also
- Calculation in kind
- Council democracy
- Dirigisme
- Economic democracy
- Econometrics
- Indicative planning
- Mixed economy
- Participatory planning
- Planned economy
- Socialization (economics)
- Socialist economics
- Technocracy
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Planned economy" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
