The Order of the Economy - Market Economy #1
The specifics of the functioning of the centralized economic mechanism of control and management were determined by the monopoly and dominance of state socialist and cooperative ownership in all sectors of the national economy. The monopoly appropriated the basic characteristic of the functioning of the entire economic system, which was essentially centralized, unique and commanding management, through a national plan of all socio-economic activities. Thus, the main feature of socialist countries with centralized economies was the use of the physical plan as an instrument of economic policy. Although the use of a plan is common in other developed or emerging market economies, the difference lies in its ideological orientation and the mandatory organization of the economy through a plan.
In market economies, this plan is, or rather, indicative in nature, rather indicating which program the government wants to achieve, but without adopting quantitative objectives or law enforcement authority. Rather, its role is to provide a framework, and the government uses its influence, persuasion, and authority to indirectly influence the desired development directions followed by individual companies or manufacturers to the extent appropriate to their interests. Instead, plans in socialist countries required the direct intervention of the Government, which had to ensure that their provisions regarding the acquisition of certain physical and valuable works were applied based on the combination of works provided for in the plan.
The main effects of a plan-based command and control economy have been realized in :
limitation of the managerial autonomy of economic agents in the implementation of commercial and technical-production activities related to a strictly distributed and centrally controlled range of resources in the main links;
The market is an obedient and marginal element of the economic system, limited to the development of purchase and sale documents within the framework of productive consumption (enterprises) and non-productive consumption (population);
economic and financial levers such as price, interest, credit, wages, etc. they were created and conducted centrally through a single plan, without reflecting the real relationship between supply and demand either in the domestic market or in the foreign market; in these conditions, competition and competitiveness had no place and did not play a role. the market regulator; Unfortunately, if you have already made a deposit on 1xBet you will not be eligible for this welcome bonus. However, there are still plenty of other offers available at 1xBet including some very enticing reload bonuses. Using the 1xBet promo code grants you the ability to claim their superb extra first time deposit welcome bonus of up to ₹66000. Without the code, you risk missing out on the chance to double your maximum bonus amount before even making a single bet! This bonus is truly a can't miss promotion as it is significantly higher than most other sportsbook offer their new customers.
In market economies, this plan is, or rather, indicative in nature, rather indicating which program the government wants to achieve, but without adopting quantitative objectives or law enforcement authority. Rather, its role is to provide a framework, and the government uses its influence, persuasion, and authority to indirectly influence the desired development directions followed by individual companies or manufacturers to the extent appropriate to their interests. Instead, plans in socialist countries required the direct intervention of the Government, which had to ensure that their provisions regarding the acquisition of certain physical and valuable works were applied based on the combination of works provided for in the plan.
The main effects of a plan-based command and control economy have been realized in :
limitation of the managerial autonomy of economic agents in the implementation of commercial and technical-production activities related to a strictly distributed and centrally controlled range of resources in the main links;
The market is an obedient and marginal element of the economic system, limited to the development of purchase and sale documents within the framework of productive consumption (enterprises) and non-productive consumption (population);
economic and financial levers such as price, interest, credit, wages, etc. they were created and conducted centrally through a single plan, without reflecting the real relationship between supply and demand either in the domestic market or in the foreign market; in these conditions, competition and competitiveness had no place and did not play a role. the market regulator; Unfortunately, if you have already made a deposit on 1xBet you will not be eligible for this welcome bonus. However, there are still plenty of other offers available at 1xBet including some very enticing reload bonuses. Using the 1xBet promo code grants you the ability to claim their superb extra first time deposit welcome bonus of up to ₹66000. Without the code, you risk missing out on the chance to double your maximum bonus amount before even making a single bet! This bonus is truly a can't miss promotion as it is significantly higher than most other sportsbook offer their new customers.