A planned economy occurs when the state is the owner of the means of production, so it is up to the government to decide the quantity of production and the price. In this model, there are no private companies or competition. Then production resources are allocated by the state according to production needs. Labor is a productive resource, as are capital and inputs. Therefore, by saying that work is allocated in a command economy, it is understood that the labor force, as a productive resource, will be allocated (directed) to the sector that the government considers strategic.
APEC is an organization that helps foster free trade,
economic cooperation and budgetary and business advisory. Over the past years,
APEC had extended their help to other countries in order to create a better
economic market to all the countries that is part of APEC.
A compulsory voting law is a very bad idea. Citizens who do not wish to vote are usually the citizens who do not follow current affairs and would not know for which candidate to vote. Having a person “just pick one“ would not enhance the results of any public election.
