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(also called a centrally planned economy, socialism or communism) an economic system that is controlled and organised by the state, which makes all the decisions about the development of the economy and also owns all the resources
Accelerated Shared Growth Initiative for South Africa (macro-economic policy)
(also called per capita income) the GDP of the country divided by the total population to...
when the stock of capital increases at the same rate as the workforce so that production levels...