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Advertisement from the German Democratic Republic, telling people to eat carp on New Year's Eve
A German poster from World War I, telling people to use less soap, because it is made from the scarce oils and fats. Ideas include to not hold the soap under water, and to not throw away small pieces of soap

A command economy, or a planned economy, is where the big decisions are made at the centre by the government.

In an economic system the main decisions are, for example, allocating resources like labour, capital and oil. Prices, too, are controlled. In a command economy, these decisions are taken by a central body, usually the government. This system contrasts that of a market economy where all the economic actors involved take decisions. The benefit of a planned economy is that the planning body has (supposedly) perfect information, and can make a better decision than in the market economy. Countries at war sometimes command their people to make things the war needs; the major powers in World War II did this. view more...


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