| 单词 | central planning |
| 释义 | central planning The operation of a command economy through centralized decision-taking. In a centrally planned economy, decisions are taken at the centre and orders issued to enterprises concerning their production and investment plans. The advantages claimed for this system of a command economy are that all resources in an economy can be used in the public interest, and wasteful duplication of effort can be avoided. Critics say that the amount of information required to achieve efficiency in a centrally planned economy is too great, and the incentives to supply the centre with reliable information are too poor, for such a system to be able to perform as well as a decentralized system based on competition between independent decision-takers. Central planning was tried on a large scale in the former Soviet Union and Eastern Europe. Experience there up to the 1980s was so unsatisfactory that the countries concerned are now shifting towards a less centralized economic system. |
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