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National economies can be run from the top down, so to speak, in what is sometimes called a command economy or they can be run from the bottom up in what is sometimes called a free market. In the ...
Command-and-control management is categorised by systems thinkers as the dominant method of management in the Western world. Key influences are said to include Alfred P. Sloan , Henry Ford , James McKinsey of the eponymous accounting firm , and Frederick Winslow Taylor .
Economic analysts have argued that the economy of the Soviet Union actually represented an administrative or command economy as opposed to a planned economy because planning did not play an operational role in the allocation of resources among productive units in the economy since in actuality the main allocation mechanism was a system of ...
Pages for logged out editors learn more. Contributions; Talk; Command and control economy
The Command and Control Research Program (CCRP) was an active DoD Research Program from 1994 to 2015. It was housed within the Office of the Assistant Secretary of Defense (NII) and it focused upon (1) improving both the state of the art and the state of the practice of command and control (C2) and (2) enhancing DoD's understanding of the national security implications of the Information Age.
Computational economics uses computer-based economic modeling to solve analytically and statistically formulated economic problems. A research program, to that end, is agent-based computational economics (ACE), the computational study of economic processes, including whole economies, as dynamic systems of interacting agents. [4]
The ‘command’ is the presentation of quality standards/targets by a government authority that must be complied with. The ‘control’ part signifies the negative sanctions that may result from non-compliance e.g. prosecution. [2] [3] CAC encompasses a variety of methods.
Planned economies contrast with command economies in that a planned economy is "an economic system in which the government controls and regulates production, distribution, prices, etc." [39] whereas a command economy necessarily has substantial public ownership of industry while also having this type of regulation. [40]