What Are the Advantages of a Planned Economy?

The planned economy and market regulation refer to the fact that the planned economy is a basic feature of the socialist economy and a manifestation of the superiority of socialism. The planned economy is realized by the planning mechanism. By compiling national economic and social development plans, the state rationally distributes human, financial, and material resources of the entire society to achieve a balance between social production and social needs, so that all sectors of the national economy and all aspects of social reproduction can adapt to each other and ensure Social undertakings develop in a sustainable, stable and coordinated manner. ^[1]