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:
is an economic system in which people produce and distribute goods according to customs handed down from generation to generation command economy is an economic system in which the government makes all economic decisions market economy is an economic system in which individual choice and voluntary exchange direct economic decisions centrally planned economy is a system in which central government officials make all economic decisions socialism is an economic system in which the government owns some or all of the factors of production communism is an economic system in which the government owns all the factors of production and there is little to no political freedom