Glossary entry (derived from question below)
German term or phrase:
Planökonomie
English translation:
planning economy / plan economy
Added to glossary by
Clara Ogwuazor
Mar 10, 2007 15:48
17 yrs ago
1 viewer *
German term
Planökonomie
German to English
Bus/Financial
Economics
can this term be translated as just 'planning' in relation to busness studies??
Thanks
Thanks
Proposed translations
(English)
4 | planning economy / plan economy | Alexander Schleber (X) |
3 +1 | centrally planned economy | Kim Metzger |
Proposed translations
5 mins
Selected
planning economy / plan economy
A political term, often applied to nations with socialist or coimmunist governments.
4 KudoZ points awarded for this answer.
Comment: "Thanks Alexander"
+1
12 mins
centrally planned economy
You really haven't given us enough context to work with.
A planned economy (also known as command economy and centrally planned economy) is an economic system in which the state or government controls the factors of production and makes all decisions about their use and about the distribution of income.[1] In such an economy, the planners decide what should be produced and direct enterprises to produce those goods.[2] Planned economies are in contrast to unplanned economies, i.e. a market economy, where production, distribution, and pricing decisions are made by the private owners of the factors of production based upon their own interests rather than upon furthering some overarching macroeconomic plan.
http://en.wikipedia.org/wiki/Planned_economy
A planned economy (also known as command economy and centrally planned economy) is an economic system in which the state or government controls the factors of production and makes all decisions about their use and about the distribution of income.[1] In such an economy, the planners decide what should be produced and direct enterprises to produce those goods.[2] Planned economies are in contrast to unplanned economies, i.e. a market economy, where production, distribution, and pricing decisions are made by the private owners of the factors of production based upon their own interests rather than upon furthering some overarching macroeconomic plan.
http://en.wikipedia.org/wiki/Planned_economy
Peer comment(s):
agree |
KARIN ISBELL
: This is eaxtly what I ws thinking about -- shades of formally Eastern 'Planwirtschaft'
1 hr
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