Central Planning

Central Planning (or, Economic Planning) refers to a coordinating mechanism outside the mechanisms of the free market. There are various types of planning procedures and different ways of conducting central planning.

Central planning is a coordinating mechanism for socialism and is an alternative to the free market system. Central planning is defined as a direct allocation of resources; contrasted to the indirect allocation of the market.

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Author: Lumbergh

Yeah, hi, this is Bill Lumbergh, the sales manager here at EricHatheway.com. We’re going to be selling a little art here and there. Yeah, on some t-shirts, maybe some framed prints, and even some posters or what-not. So, if you could maybe buy some, that would be great.