Command economy

A command economy is an economic system in which the government commands industries regarding what goods must be produced, how much should be produced, and at what price they should be sold. In this OpinionFront article, we will see some historical and modern examples of command economy.

A mixed economy is an economic system in which economic activity is directed by a mixture of private firms and the government.

Now that the dancing and the denials of reality are over, for the moment, it is time to look ahead at the task of creating a sustainable economy for the 21st century. The notion of the “cleantech bust” in the last 2 years has overtaken earlier projections that the clean [...]

Illustration about Hierarchy or chain of command in a company or institution. Illustration of employees, goals, community - 15538986

Awesome Economics themed illustration set featuring various hand drawn elements. Each one can be used individually and works great on any high school related de

Cost of living in the Philippines How much does it really cost to live and work in the Philippines? How much does it really cost to live in Metro Manila? In this infographic, it compares costs for Pinoys and expats to give expat business owners an idea on how much their employees need to live comfortably; and how much they need to sustain the lifestyle they're used to back home. For more information: http://bit.ly/1oCWFQl

An economywhere supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed. The former Soviet Union was an example of a command economy. Also called a centrally planned economy.

Learn the impact expansionary monetary policies and contractionary monetary policies have on the economy.

Successful introverts have one skill that sets them apart from most other people, according to author Jevonya Allen — and it's not pretending to be extroverted.

The #growth of the #MICE industry is driven by the rapid surge in the tourism industry, increase in international business travels, rise in frequency of various types of events and meetings being organized globally.

As digital flows command a growing share of trade and economic growth, executives must answer new questions.

A traditional economy is a system that relies on customs, history, and time-honored beliefs. Tradition guides economic decisions such as production.

The main difference between economic and non-economic activity is economic activities are performed for economic motive, i.e. earning profit. On the other hand, non-economic activities are performed due to social or psychological reasons, i.e. out of love, affection etc.

To understand why bad news for construction firms can be good news for clients, let’s look at the current market.

If you’re in your 20s, you probably remember the Great Recession through the eyes of your parents: the stress they brought home from work, the vacations that got cancelled, perhaps even the job that one or both of them lost. If you’re in your 30s, you may have an advanced degree because of it — […]

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