centralised planning
State-directed resource allocation
Centralised planning is an economic system where a central authority—typically the government—makes decisions about production, distribution, and pricing rather than letting markets determine them.
The term is associated with communist economies: The Soviet Union's centralised planning led to chronic shortages.
Also spelled centralized planning.
Communal economic control
- communismCollective ownership system
- MarxismClass-based revolutionary philosophy
- LeninismVanguard-led revolutionary doctrine
- MaoismPeasant-centered communist doctrine
state socialism · proletariat · means of production · class struggle · statism · dirigisme · technocracy · import substitution
State-controlled economic system
- state ownershipGovernment possession of assets
- nationalizationGovernment acquisition of industry
- collectivizationForced communal ownership transfer
- quota systemLimit on numbers admitted
collective farming · kibbutz · commune · redistribution · common good · public ownership · cooperative · mass mobilization
Assigning available means strategically
- optimizationMaximizing efficiency or performance
- coordinationOrganized cooperative movement
- economies of scaleCost advantages from size
- standardizationImplementing uniform technical specifications
consolidation · integration · logistics · streamlining · bulk purchasing · infrastructure investment · systematic · comprehensive
Organizational oversight and control
- ministriesGovernment administrative divisions
- directoratesAdministrative governing bodies
- departmentsSubdivisions of an organization
- civil serviceGovernment's administrative workforce
red tape · officialdom · coordination · regulation · oversight · policy-making · state apparatus · government agencies
Quality of being unbending
- unresponsivenessLack of reaction
- top-downDirected from highest level
- monolithicMassive and undifferentiated
- bureaucratic inertiaSystemic resistance to administrative change
one-size-fits-all · uniformity · stagnation · bottlenecks · shortages · misallocation · disconnection · inefficiency
socialism
Communal economic control
- communismCollective ownership system
- MarxismClass-based revolutionary philosophy
- LeninismVanguard-led revolutionary doctrine
Maoism · state socialism · proletariat · means of production · class struggle · statism · dirigisme · technocracy · import substitution · industrial policy
command economy
State-controlled economic system
- state ownershipGovernment possession of assets
- nationalizationGovernment acquisition of industry
- collectivizationForced communal ownership transfer
quota system · collective farming · kibbutz · commune · redistribution · common good · public ownership · cooperative · mass mobilization · production targets
resource allocation
Assigning available means strategically
- optimizationMaximizing efficiency or performance
- coordinationOrganized cooperative movement
- economies of scaleCost advantages from size
standardization · consolidation · integration · logistics · streamlining · bulk purchasing · infrastructure investment · systematic · comprehensive · holistic
administration
Organizational oversight and control
- ministriesGovernment administrative divisions
- directoratesAdministrative governing bodies
- departmentsSubdivisions of an organization
civil service · red tape · officialdom · coordination · regulation · oversight · policy-making · state apparatus · government agencies · public administration
inflexibility
Quality of being unbending
- unresponsivenessLack of reaction
- top-downDirected from highest level
- monolithicMassive and undifferentiated
bureaucratic inertia · one-size-fits-all · uniformity · stagnation · bottlenecks · shortages · misallocation · disconnection · inefficiency · waste
centralised planningfree market
Commerce without state intervention
market economy · laissez-faire · capitalism · private enterprise · spontaneous order
centralised planningdecentralisation
Transfer of authority outward
federalism · subsidiarity · self-organization · devolution · flat hierarchy
centralised planningfree enterprise
Privately owned, competitive economy
libertarianism · individualism · neoliberalism · classical liberalism · anarcho-capitalism
central, centralised, centralized, centralise, centralize, centralization, centralisation, centre, center