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Old 09-02-2016
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Default What is a Centrally Planned Economy?

The theory behind a centrally planned economy begins with the idea that the market is not a measure of what is best for the country. Subject to whim, trend, and a myriad of opinions, the free market can slow or even impede the goals of a central government. By having the state run the economy, the government is totally able to enact the programs, schemes, and plans deemed as best for the country by the leaders.
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