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:
Command economy is the economy where all economic decisions and details are planned by an authority assigned by the central government. This is the opposite of free market economy. Just like with free market economy, there are advantages and disadvantages of command economy. These decisions are implemented through directives, laws and regulations. Supply and demand no longer dictate the production and hiring of businesses and entrepreneurship is discouraged.