A planned community is a city built from scratch with careful planning by designers to shape its look and purpose. It may have a specific focus, such as green living, and must have financial support and diverse input. Planners consider population, expansion, and infrastructure, including low-income housing, energy, law enforcement, education, and healthcare. Planned communities […]
Several organizations are interested in creating space hotels, including Bigelow Aerospace, Hilton International, Excalibur Almaz, Virgin Galactic, and the Space Island Group. Bigelow Aerospace is furthest ahead, with plans to launch the Nautilus in 2010 and a $50 million space prize. The space tourism industry needs safe, affordable, and scalable flights to orbit. If successful, […]
A planned economy is controlled by the government, but it is difficult to achieve in a democratic state due to competing interests. It can provide stability and produce “social goods,” but it has disadvantages such as chronic shortages and the inability to predict consumer behavior. Indicative planning or mixed economy systems are more successful when […]
Planned economies allow societies to focus on achieving specific goals and avoid problems associated with market economies. They can mobilize economic power quickly and allow social values to shape economic life. Command economies maximize these benefits and disadvantages, with complete state direction of production. Planning can concentrate a nation’s productive power on one crucial goal, […]
A centrally planned economy is controlled by the government and does not allow market supply and demand to define prices, wages, or output. It was first attempted in the Soviet Union in the early 20th century but has not fared well in the modern world. A centrally planned economy is one in which all major […]
