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Production Planning Without the Market Mechanism Is Very Efficiently Handled

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Production planning without the market mechanism is very efficiently handled by central planners.

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Definitions:

Sequential Function Chart

A graphical programming language used for programmable logic controllers (PLCs) to describe the sequence of operations in an industrial process.

Function Block

Rectangular block with inputs entering from the left and outputs exiting on the right.

Structure Text

A high-level programming language used in PLC and other control systems, designed for complex algorithm implementation.

Scheduling Mechanism

A system or method used to plan and organize tasks or processes to be carried out at specific times or under certain conditions.

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