13 terms

Planned economy

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planned economy
is centrally controlled by a government
capital
the total value of the land, buildings, machinery
resources
wealth, supplies of goods, raw materials
allocation
the setting aside of the money for a particular purpose
investment
the money invested
input
something that is put into business
output
the quantity of goods produced by a worker
distribution
the movement of goods to places where they can be sold
goods
manufactured items
income
money received from work done
expenditure
an amount of money spent
price
the amount of money for which something can be sold or bought
incentive
something which incites, encourages a person
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