Centrally Planned Economies

Front 1

In centrally planned or command economies , the __________ own major factors of production?

Back 1

government .

Front 2

Private property ,free market pricing, competition and consumer choice are _______________.

Back 2

opposed

Front 3

______________ and______________ are most often associated with command economies .

Back 3

socialism and communism

Front 4

social and political philosophy based the belief that ____________ means should be used to distribute _________ evenly throughout society.

Back 4

Democratic and wealth.

Front 5

Although socialist countries may be democracies , a high degree of central (__________) planning is required to achieve economic __________

Back 5

government ...
equality

Front 6

all economics and political power is in the hand of ___________ ______________ .◾it is _______________ meaning that strict obedience is demanded and freedom of judgement and action is not allowed.

Back 6

central government

authorization

Front 7

revolutionaries called ____________ were led to power by _______________ in 1917

Back 7

bolshevik....... Vladimir lenin

Front 8

Soviet planner were most concerned with building ____________ and __________ in the international community , so the best land, labor and capital was set aside for the military space programs , farms equipments.

Back 8

power

prestige

Front 9

Large state owned farms called _________ were responsible for producing a certain quantity of good.

Back 9

collectives

Front 10

Farmers employed by central government worked for wages.

as a result farmers had little _________ to produce more or better crops.

Back 10

incentives

Front 11

resources were turned to __________________ production and makers of _______________ good were stuck with leftover , Low quality resources to make goods .

Back 11

military and consumer goods ........ leftover .

Front 12

Again once government _________quotas were reached, there were no _____________ to produce more or better goods .

Back 12

quotas ........ incentives ..

Front 13

in fact it was _________________ for a person to show entrepreneurial behavior

Back 13

Illegal