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The economy of the Soviet Union was based on state ownership of the means of production, collective farming, and industrial manufacturing. An administrative-command system managed a distinctive form of central planning. The Soviet economy was characterized by state control of investment, prices, a dependence on natural resources, lack of consumer goods, little foreign trade, public ownership of industrial assets, macroeconomic stability, low unemployment and high job security.
Soviet-type economic planning (STP) is the specific model of centralized planning employed by Marxist–Leninist socialist states modeled on the economy of the Soviet Union (USSR).
Visakhapatnam–Chennai Industrial Corridor (VCIC), also Vizag–Chennai Industrial Corridor, is a key part of the East Coast Economic Corridor (ECEC), India's first coastal corridor. VCIC is aligned with the Golden Quadrilateral and is poised to play a critical role in driving India’s Act East Policy and Make in India campaign. The nearly 800-kilometer corridor links India with the Association of Southeast Asian Nations (ASEAN) and East Asian economies that form the bedrock of global manufacturing economy. The corridor traverses nine districts of the state of Andhra Pradesh. VCIC intends to complement the ongoing efforts of the Government of Andhra Pradesh (GoAP) to enhance industrial growth and create high quality jobs.
References
- 1 2 "bio-vita_fall01".
- ↑ Vietorisz T. "Association Quantized Preferences and Planning by Priorities." in The American Economic Review (Papers and Proceedings of the Eighty-second Annual Meeting of the American Economic Association) May 1970 60:2 p. 65 - 69.
- ↑ "Decentralization in Non-Convex Systems" in Econometrica 1966 34:5S p. 123 - 125.
- 1 2 Vietorisz T. and McCulloch J. H. "The $3.50 Minimum Wage: "Let Them Earn Cake!"" in “Challenge” 1973, July and August 6:3 p. 69 - 70.
- ↑ "Thomas Vietorist". Forever Missed. Retrieved 23 July 2023.
