1 The average electric furnace cost is $1,750 to $3,500 installed. 2  The typical gas furnace cost is $3,000 to $6,000 installed, although higher efficiency models and/or complex installations could push the cost up to $7,500 to $10,000 or more.
The great characteristic of a centralized economy is that all economic activities are directed or planned by a central authority so that the people are subjected to a hierarchical control. Every man has a superior whom he must obey. The most outstanding examples of the centralized economy are:
Since decision-making is centralized in a command economy, the government controls all of the supply and sets all of the demand. Prices cannot arise naturally like in a market economy, so prices in the economy must be set by government officials. In a command economy, macroeconomic and political considerations determine resource allocation, whereas, in a market economy, the profits and losses of individuals and firms determine resource allocation.