What, How and for whom? Central Planning Versus the Market Centralized Economic Organizations o Agrarian society o Former Soviet Union Cuba. North Korea ● China ● Bureaucracy Chapter 3-Supply and Demand: An Introduction Slide 9MB MC Chapter 3 - Supply and Demand: An Introduction Slide 9 What, How, and for Whom? Central Planning Versus the Market ◼ Centralized Economic Organizations ⚫ Agrarian society ⚫ Former Soviet Union ⚫ Cuba, North Korea ⚫ China ⚫ Bureaucracy