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What Is a Centrally Planned Economy

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What is a centrally planned economy?


Definitions:

Deviant Activity

Behavior that violates social norms or expectations.

Constructionist Perspective

A viewpoint in sociology that emphasizes the ways social phenomena are created, institutionalized, and made into tradition by humans.

Objective Fact

Information verified through observation or measurement, independent of personal feelings or opinions.

Voluntary Act

An action taken by an individual based on free will and conscious decision.

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