The guiding idea of a planned economy, in contrast to a free market economy, is not to leave the satisfaction of demand to the play of forces, but to organize and direct production by official authorities or even the organization of the economy itself according to a uniform economic plan.
German: Planwirtschaft (613)
Source: LK-Lötscher, 11.05.2020
Leave a ReplyWant to join the discussion?
Feel free to contribute!