Glossary

Reset Glossary
centrally planned system

Subject: 

  • Economics

(also known as the command system; socialism or communism) an economic system that is controlled and organised by the state; which makes all the decisions about the development of the economy and also owns all the resources.

Related Terms: 

communism
socialism

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Studying should be active. Your child should be making notes, working through examples, doing practice exam papers and testing herself on the sections she is studying.

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