An economic theroy that stresses government management of the production an distribution of goods is

Command Economy can also be your answer.

A command economy allows only the top tier (leaders, government, etc.), to control the means for production, how it is produced, as well as how it would be distributed. Command economy usually is tightly controlled, and the people have limited access to a range of products.

Examples of such an economy could be seen in USSR, Cuba, North Korea, China, where the governments held most of the power & the people took the consequences. While Communism is generally dubbed "for the people", it is but far from it, concentrating most of the wealth and power to the top-tier, while everyone else lives out Communism, or sharing of material. In the end, unless implemented correctly (which is impossible), Command Economy is generally a failure.

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