06 August 2016 27 6K Report

There seems to be production schedules for former red socialist countries and information about planned economy/planned production, but what about the cost of those production schedules....

Were production levels determined by the social cost of production...the lower the social cost of production we can plan more production and at higher social costs we have to schedule lower production goals.....

But these two cases then would lead to inneficient levels of production as it would be either above or below desired production goals....the efficient level of production would be the one where production levels are determined by the actual social cost of production.....

Were production schedules kept at the social cost of production in red socialism systems?

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