👉 Technocracies are systems or institutions that rely heavily on the power of government to control and regulate economic activities, such as investment, production, trade, and financial markets. These systems often operate in a centralized, bureaucratic fashion, with a central authority controlling all aspects of society and economy. Technocracies can be characterized by their strong emphasis on efficiency, regulation, and control, as well as their reliance on traditional institutions like the state or elite to govern and manage economies.
