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Centrally Planned Economy: Definition & Features

Centrally Planned Economy: Definition & Features

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A centrally planned economy is an economic system in which economic decisions are made by the government of a country through a central economic planning bureau. It is also called a command economy and is associated with a socialist or communist economic system.
Economics: Definition and Basic Concepts of Economics

Economics: Definition, Branches & Basic Concepts of Economy

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According to Professor Robbins, Economics may be defined as “a Science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."
Paracas Culture

Paracas Culture: History, Religion, Economy & Characteristics

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The Paracas were a culture that inhabited the southern coast of the current territory of Peru, between the years 700 BC to 200 DC approximately. This period corresponds to the end of the Formative Period and the Early Intermediate Period, according to the periodization of the history of the Andean Area. The Paracas culture is considered the first complex society of the southern coastal area of ​​Peru.
Olmec Civilization

Olmec Civilization | History, Culture, Economy & Characteristics

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Olmec Civilization: History of Olmecs Olmec: Mesoamerican civilization that developed on the coast of the Gulf of Mexico. Data Date 1500 - 500 BC Location Gulf of Mexico Religion Polytheistic Economy Agriculture and Commerce Who...
Nazca Civilization

Nazca Civilization: History, Culture, Economy & Characteristics

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The Nazcas were a pre-Inca civilization that existed between the 1st and 6th centuries in southern Peru, more specifically around Nazca and its surrounding valleys. This culture is known worldwide for its impressive geoglyphs drawn in the desert, called Nazca lines, which can be seen from the air and the nearby hills. Although its meaning is not clear, experts say they are related to its astronomical calendar.
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Toltec Civilization | History, Culture, Economy, Religion & Characteristics

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Toltec Civilization | History Toltec Culture: Mesoamerican civilization that developed between the 10th and 12th centuries. Data Date Between the 9th and 13th Centuries Location Mexican Altiplano (Nomadic Civilization) Form of...
Features of a Socialist State | Socialist Economy

Features of a Socialist State | Socialist Economy

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Socialist State: Socialism is a political and economic system whose main foundation is equality. The system's objective is the transformation of society through the distribution of income and property to reduce social inequality.
Zollverein

Zollverein – Meaning, History, Advantages, German Economy

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Created in 1834, Zollverein was an economic organization by German termed as a customs union under Prussian leadership. Numerous German states joined forces to create a free trade zone and establish customs tariffs against third countries.
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Zapotec Civilization: History, Culture, Economy & Characteristics

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The Zapotecs were a civilization that developed in the region of Oaxaca, present-day Mexico, between 250 and 800 BC. These were characterized by having great influence over other great civilizations of Mesoamerica, such as the Mayan and Aztec cultures.
Carolingian Empire

Carolingian Empire: History, Economy & Characteristics

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The Carolingian Empire was a state of the Early Middle Ages, founded by the Frankish King Charlemagne, who ruled it between 768 and 814. The foundations of this empire were laid by his father, Pepin the Short, who in 751 overthrew the last king of the Frankish dynasty of the Merovingians. The new monarch was crowned by Pope Stephen II, who granted him the right to hereditary succession.
Mayan Civilization

Maya Civilization: History, Culture, Economy & Characteristics

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The Mayans were a civilization, settled in Central America, that lasted from the 20th Century BC until the 15 Century BC, when it came to an end during the conquest of America. This culture introduced great advances in mathematics, writing, architecture and astronomy, and had its own social, political and religious organization, which influenced the development of later cultures.
Types of Capitalism | Examples of a Capitalist Economy

Types of Capitalism | Examples of a Capitalist Economy

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Types of Capitalism Economic system that defends the freedom of the market. Definition of Capitalism Capitalism is an economic system that defends the freedom of the market and...
Chavín Civilization

Chavín Civilization | Culture, Economy, Religion & Characteristics

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The Chavines were a civilization of ancient Peru that developed between 1200 and 200 BC. It settled around the central Andes, near the Chavín de Huántar archaeological site, present-day Peru. The Chavín civilization is considered a cultural horizon, due to its influences on cultures that developed later.
Tiahuanaco Civilization

Tiwanaku: History, Religion, Economy & Civilization

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Tiahuanaco Civilization: Tiwanaku History Tiwanaku (Tiahuanaco or Tiahuanacu: Spanish) - Civilization that developed on the shores of Lake Titikaka, between the year 500 and 1000...
Nigeria - Country In West Africa

Nigeria – Country in West Africa

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Nigeria: The Country in West Africa You'll Fall In Love With: Nigeria is a country in West Africa with a population of more than...

2022 Honda Pilot

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2022 Honda Pilot Review Because of its large, well-designed cabin and smooth ride, the 2022 Honda Pilot is one of our favorite three-row SUVs. A...

Rural-Urban Migration: Definition, Control, Causes & Effects

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Rural-urban migration or drift (Urbanization) refers to the movement of people from rural to urban areas, the corresponding decrease in the proportion of people living in rural areas, and the ways in which societies adapt to this change.

Nationalisation: Definition, Features, Example, Merits & Demerits

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The term nationalisation refers to public ownership and control of business enterprises formerly owned by private interests. In other words, nationalization may be defined to as the taking over of transfer from private to state or government, and the ownership and control of business enterprises for economic, social and political reasons.

Agriculture: Definition, Components & Systems of Agriculture

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The word Agriculture is derived from two Latin words Ager and culture which means field and cultivation respectively. Agriculture therefore, is the tilling of the soil to produce both food and cash crops, livestock, etc.

Unemployment: Definition, Types, Causes, Effects & Concepts

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Unemployment is a state of joblessness. An unemployed person is one who is available for work, is looking for work, but cannot find it. Unemployment means lack of employment. It is a mismatch in the labor market, where the supply of labor (by workers) is greater than the demand for labor (by companies).