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What Is the Main Difference Between a Centrally Planned Economy

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What is the main difference between a centrally planned economy and a market economy?


Definitions:

Impulses

Sudden, involuntary urges to act, driven by internal or external stimuli.

Defense Mechanism

Unconscious tactics employed to shield oneself from the anxiety caused by thoughts or feelings deemed unacceptable.

Psychic Energy

In psychoanalytic theory, a form of energy that drives all human behavior, originating from innate biological instincts.

Psychoanalysis

A method of psychological therapy originated by Sigmund Freud focusing on exploring unconscious motives and conflicts.

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