An unplanned economy is an economy where economic decisions regarding production, investment and resource allocation are not linked together through conscious
economic planning. This may refer to
subsistence-level economies, systems of
barter
In trade, barter (derived from ''baretor'') is a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money. Economists disti ...
or to more complex arrangements such as
market economies
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand, where all suppliers and consumers are ...
, and hypothetical systems such as
self-managed, distributed and
network economies. Note that there may be a significant amount of planning within firms in market and
mixed-market
A mixed economy is variously defined as an economic system blending elements of a market economy with elements of a planned economy, Market (economics), markets with state interventionism, or private enterprise with public enterprise. Common to ...
economies.
See also
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Economic planning
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Economic system
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Gift economy
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Hunter-gatherer economy
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Market economy
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Mixed economy
A mixed economy is variously defined as an economic system blending elements of a market economy with elements of a planned economy, markets with state interventionism, or private enterprise with public enterprise. Common to all mixed economie ...
*
Self-managed economy
Socialism is a left-wing economic philosophy and movement encompassing a range of economic systems characterized by the dominance of social ownership of the means of production as opposed to private ownership. As a term, it describes the eco ...
References
Economic systems
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