A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed.
Socialism is an economic and political philosophy encompassing diverse economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It describes the economic, political, and social theories and movements associated with the implementation of such systems. Social ownership can take various forms, including public, community, collective, cooperative, or employee. As one of the main ideologies on the political spectrum, socialism is considered as the standard left-wing ideology in most countries. Types of socialism vary based on the role of markets and planning in resource allocation, and the structure of management in organizations.
A cartel is a group of independent market participants who collude with each other as well as agreeing not to compete with each other in order to improve their profits and dominate the market. A cartel is an organization formed by producers to limit competition and increase prices by creating artificial shortages through low production quotas, stockpiling, and marketing quotas. Cartels can be vertical or horizontal but are inherently unstable due to the temptation to defect and falling prices for all members. Additionally, advancements in technology or the emergence of substitutes may undermine cartel pricing power, leading to the breakdown of the cooperation needed to sustain the cartel. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals. Most jurisdictions consider it anti-competitive behavior and have outlawed such practices. Cartel behavior includes price fixing, bid rigging, and reductions in output. The doctrine in economics that analyzes cartels is cartel theory. Cartels are distinguished from other forms of collusion or anti-competitive organization such as corporate mergers.
Decentralization or decentralisation is the process by which the activities of an organization, particularly those related to planning and decision-making, are distributed or delegated away from a central, authoritative location or group and given to smaller factions within it.
Anarcho-syndicalism is an anarchist organisational model that centres trade unions as a vehicle for class conflict. Drawing from the theory of libertarian socialism and the practice of syndicalism, anarcho-syndicalism sees trade unions as both a means to achieve immediate improvements to working conditions and to build towards a social revolution in the form of a general strike, with the ultimate aim of abolishing the state and capitalism. Anarcho-syndicalists consider trade unions to be the prefiguration of a post-capitalist society and seek to use them in order to establish workers' control of production and distribution. An anti-political ideology, anarcho-syndicalism rejects political parties and participation in parliamentary politics, considering them to be a corrupting influence on the labour movement. In order to achieve their material and economic goals, anarcho-syndicalists instead practice direct action in the form of strike actions, boycotts and sabotage. Anarcho-syndicalists also attempt to build solidarity among the working class, in order to unite workers against the exploitation of labour and build workers' self-management.
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The Lao People's Revolutionary Party (LPRP) is the founding and sole ruling party of the Lao People's Democratic Republic. The party's monopoly on state power is guaranteed by Article 3 of the Constitution of Laos, and it maintains a unitary state with centralised control over the economy and military.
Delegation is the process of distributing and entrusting work to another person. In management or leadership within an organisation, it involves a manager aiming to efficiently distribute work, decision-making and responsibility to subordinate workers in an organization. Delegation may result in creation of an accountable chain of authority where authority and responsibility moves down in an organisational structure. Inefficient delegation may lead to micromanagement.
An organizational structure defines how activities such as task allocation, coordination, and supervision are directed toward the achievement of organizational aims.
An economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism. As an allocation mechanism for socialism, economic planning replaces factor markets with a procedure for direct allocations of resources within an interconnected group of socially owned organizations which together comprise the productive apparatus of the economy.
Managerialism is the idea that professional managers should run organizations in line with organizational routines which produce controllable and measurable results. It applies the procedures of running a for-profit business to any organization, with an emphasis on control, accountability, measurement, strategic planning and the micromanagement of staff.
Business economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets. A professional focus of the journal Business Economics has been expressed as providing "practical information for people who apply economics in their jobs."
Bureaucracy is a system of organization where decisions are made by a body of non-elected officials. Historically, a bureaucracy was a government administration managed by departments staffed with non-elected officials. Today, bureaucracy is the administrative system governing any large institution, whether publicly owned or privately owned. The public administration in many jurisdictions is an example of bureaucracy, as is any centralized hierarchical structure of an institution, including corporations, societies, nonprofit organisations, and clubs.
Economic democracy is a socioeconomic philosophy that proposes to shift ownership and decision-making power from corporate shareholders and corporate managers to a larger group of public stakeholders that includes workers, consumers, suppliers, communities and the broader public. No single definition or approach encompasses economic democracy, but most proponents claim that modern property relations externalize costs, subordinate the general well-being to private profit and deny the polity a democratic voice in economic policy decisions. In addition to these moral concerns, economic democracy makes practical claims, such as that it can compensate for capitalism's inherent effective demand gap.
Technoliberalism is a political philosophy founded on ideas of liberty, individuality, responsibility, decentralization, and self-awareness. It also highlights an idea that technology should be available to everyone with minimal controls. Its core beliefs fit under five main interests that include Construction of the Government, Economics, Civil Liberties, Education and Science, and Environment. Technoliberals support such ideas as balance of powers in the government, decentralization, affordable education, the protection of planet Earth, Fine Arts, and the freedom of speech and communication technologies.
Socialist economics comprises the economic theories, practices and norms of hypothetical and existing socialist economic systems. A socialist economic system is characterized by social ownership and operation of the means of production that may take the form of autonomous cooperatives or direct public ownership wherein production is carried out directly for use rather than for profit. Socialist systems that utilize markets for allocating capital goods and factors of production among economic units are designated market socialism. When planning is utilized, the economic system is designated as a socialist planned economy. Non-market forms of socialism usually include a system of accounting based on calculation-in-kind to value resources and goods.
The political systems of Imperial China can be divided into a state administrative body, provincial administrations, and a system for official selection. The three notable tendencies in the history of Chinese politics includes, the convergence of unity, the capital priority of absolute monarchy, and the standardization of official selection. Moreover, there were early supervisory systems that were originated by local factions, as well as other political systems worthy of mention.
The administrative-command system, also known as the command-administrative system, is the system of management of an economy of a state characterized by the rigid centralization of economic planning and distribution of goods, based on the state ownership of the means of production and carried out by the governmental and communist party bureaucracies ("nomenklatura") in the absence of a market economy.
A Leading Small Group, also translated as a "Central Leading Group" or "Leadership Small Group," is a body of the Chinese Communist Party (CCP) charged with decision-making on major functional issue areas. LSGs operate effectively as interagency executive committees, cutting across the government, party, and military systems. Major LSGs cover issues such as national security, foreign affairs, Taiwan affairs, Hong Kong and Macao, propaganda and ideology, and financial and economic matters.
