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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]
In Marxian economics, the "commanding heights of the economy" are certain strategically important economic sectors. Some examples of industries considered to be part of the commanding heights include public utilities , natural resources , and sectors relating to both foreign trade and domestic trade .
While these two are indeed opposites, some economies feature a mix of central command and free markets. National economies can be run from the top down, so to speak, in what is sometimes called a ...
The US economy varies in its biggest cities. Home & Garden. Lighter Side
The economy of the German Democratic Republic (East Germany; GDR, DDR) was a command economy following the model of the Soviet Union based on the principles of Marxism-Leninism. Sharing many characteristics with fellow COMECON member states — the East German economy stood in stark contrast to the market and mixed economies of Western Europe ...
The Soviets also modeled economies in the rest of Eastern Bloc outside the Soviet Union along Soviet command economy lines. [167] Before World War II, the Soviet Union used draconian procedures to ensure compliance with directives to invest all assets in state planned manners, including the collectivisation of agriculture and utilising a ...
As of 2025, the New York metropolitan area is the world’s principal fintech and financial center [1] [2] and the largest metropolitan economy in the world, with a nominal gross metropolitan product of over US$2.5 trillion. [3] This is a list of cities in the world by nominal gross domestic product (GDP).
This woodcut shows Nuremberg as a prototype of a flourishing and independent city in the 15th century. Towns and cities have a long history, although opinions vary on which ancient settlements are truly cities. Historically, the benefits of dense, permanent settlement were numerous, but required prohibitive amounts of food and labor to maintain.