a centrally planned economy
- Traditional institutional arrangement under a centrally planned economy was weak of regulation.
- Even in kindlier times, businesses reported information that would interest a centrally planned economy, such as production quotas.
- China is a centrally planned system in a slow, uneven transition to a market economy.
- Is radicalism, that is, “Shock therapy” or gradualism better for centrally planned economy to shift to free - market economy?