planned economy Archives - Free ZIMSEC & Cambridge Revision Notes

January 2023

Planned Economy
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Planned Economy

Notes, O Level Business Studies Notes, Ordinary Level Notes

Planned Economy

By garikaib|2022-09-15T12:40:56+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Command Economy/ Planned Economy

Characteristics/Features

The government owns and manages all the resources.
The government determines what to produce, how much to produce and for whom to produce
The main motive is to provide goods and services rather than profit
The government sets the prices
Examples include Cuba, China and North Korea

Advantages

Prices are […]

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AS A Level Business: Introduction To Economic Systems
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AS A Level Business: Introduction To Economic Systems

Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills

AS A Level Business: Introduction To Economic Systems

By garikaib|2022-09-15T12:29:45+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Economic Systems

To understand Economic Systems one needs to recall and understand the Economic Problem
As has already been pointed out during our discussion of the Economic Problem:
Needs and wants, when the two are combined, are unlimited or […]

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