Finance:Unplanned economies

From HandWiki
Revision as of 19:13, 5 February 2024 by Wincert (talk | contribs) (update)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Short description: Type of economy

An unplanned economy is an economy where economic decisions regarding production, investment and resource allocation are not linked together through conscious economic planning. This may refer to subsistence-level economies, systems of barter or to more complex arrangements such as market economies, and hypothetical systems such as self-managed, distributed and network economies. Note that there may be a significant amount of planning within firms in market and mixed-market economies.

See also

References