Economy Of The German Democratic Republic
Like other states which were members of the Comecon, the German Democratic Republic (GDR – East Germany) had a centrally planned economy (CPE) similar to the one in the former Soviet Union, in contrast to the market economies or mixed economies of capitalist states. The state established production targets and prices, and allocated resources, codifying these decisions in a comprehensive plan or a set thereof. The means of production were almost entirely state-owned. The East German economy was the Soviet Bloc's largest economy and one of the most stable economies in the Communist World until the early 1990s when Communism was brought to collapse, and finally the disintegration of the Soviet Union in 1991.
Read more about Economy Of The German Democratic Republic: Central Planning, State Industrial Sector, Agriculture
Famous quotes containing the words economy of, economy, german, democratic and/or republic:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Seventeen hundred and fifty-five.
Georgius Secundus was then alive,—
Snuffy old drone from the German hive.”
—Oliver Wendell Holmes, Sr. (1809–1894)
“The democratic youth ... lives along day by day, gratifying the desire that occurs to him, at one time drinking and listening to the flute, at another downing water and reducing, now practising gymnastic, and again idling and neglecting everything; and sometimes spending his time as though he were occupied in philosophy.”
—Plato (c. 427–347 B.C.)
“Paper is cheap, and authors need not now erase one book before they write another. Instead of cultivating the earth for wheat and potatoes, they cultivate literature, and fill a place in the Republic of Letters. Or they would fain write for fame merely, as others actually raise crops of grain to be distilled into brandy.”
—Henry David Thoreau (1817–1862)