What Does A Centrally Planned Economy Control? A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products. How does a centrally planned economy control labor? The government answers the three basic
What Is Structural Adjustment Program SAP? The structural adjustment programme (SAP) is an economic reform package suggested by the multilateral agencies (IMF and World Bank) for developing countries. … Based on the findings, the study supports the IMF proposition that SAP is beneficial to the growth of an economy and it enhances the stability of
How Does Economics Influence Government Policy? Some of the most common ways that a government may attempt to influence a country’s economic activities are by adjusting the cost of borrowing money (by lowering or raising the interest rate), managing the money supply, and controlling the use of credit. Collectively, these policies are referred to as