Centralized Economic System

Centralized Economic System
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  • CENTRALIZED ECONOMIC SYSTEM
  • But I can't. My tears cannot come out!
  • You shall cry for my dead father! Cry you cry!
  • This is an example of Centralized Economic System.
  • CENTRALIZED ECONOMIC SYSTEM
  • Please... Not the prison!
  • You shall go to prison! Guards!
  • This is too horrid to watch...
  • CENTRALIZED ECONOMIC SYSTEM
  • I'm on it, sir!
  • NOOO! I'm begging you! Look, I'm already crying!
  • In this system, what to produce depends on the government.
  • Too bad! Too late!
  • Centralized Economic System is an economic system that is dominantly controlled the central government.
  • CENTRALIZED ECONOMIC SYSTEM
  • How to produce it also depends on the government.
  • I'm innocent! Help me!
  • Since all economic sectors are directed by the government, we can call this system commanded economic system.
  • CENTRALIZED ECONOMIC SYSTEM
  • For whom it is produced for also depends on the government.
  • I don't deserve this!
  • One of the characteristics of this system is that all economic activities like consumption, production and distribution are controlled by the government.
  • CENTRALIZED ECONOMIC SYSTEM
  • Hey! Who are you and why are you following me! Leave me alone!
  • Another characteristic of this system is that individual property right is not admitted.
  • The advantages of this system are that it is easier to manage, the government controls the product distribution, the government is fully responsible to the national economy,etc.
  • The disadvantages of this system are that individual property right is not allowed, initiative potential and public creation won't develop, etc.
  • Whoops...
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