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Pancasila economics (Indonesian: Ekonomi Pancasila), also known as "Indonesian populist economics" (Indonesian: Ekonomi kerakyatan Indonesia), is an economic system which aims to reflect the five principles of Pancasila. [1] The term "Pancasila economy" first appeared in an article by Emil Salim in 1967. [2]
Administrative-command system; Anti-imperialism; Anti-revisionism; Central planning. Soviet-type economic planning; Collective farming; Collective leadership
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A mixed economy is an economic system that includes both elements associated with capitalism, such as private businesses, and with socialism, such as nationalized government services.
In trade, barter (derived from bareter [1]) is a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money. [2]
Sri Edi Swasono (born in Ngawi (city), Ngawi, September 16, 1940 [1]) is a professor of economics at the University of Indonesia.He was a member People's Consultative Assembly (MPR) of the emissary group in the New Order era of Indonesia, ruled by President Soeharto. [2]
The economy of New Zealand is a highly developed free-market economy. [23] It is the 52nd-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 63rd-largest in the world when measured by purchasing power parity (PPP).
Jean-Jacques Rousseau, Discours sur l'oeconomie politique, 1758. Political economy is a branch of political science and economics studying economic systems (e.g. markets and national economies) and their governance by political systems (e.g. law, institutions, and government).