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How is the government involved in a planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
What is the role of government in a centrally planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
Does a planned economy provide equality of wealth?
That would depend completely on the kind of economy being planned. Some plans/ideas for economies, such as those of the Venus Project, do emphasise equality of wealth. Other planned economies, as seen with many communist systems historically, do not provide equality of wealth.
What is involved in planned giving schemes?
Planned giving is a donation. How much do you plan to give? 5% of your salary is the average that people donate to churches, cancer society, Alzheimer association, etc. There are many association I need of you money. You can give to one or to a bunch once you decide how mush you are ready to donate.
What is a planned economy regulated by?
Planned Economies are regulated by a Governmental Ministry.
