ownership- all of the countries factors of production are own by the government
objectives- consumers, workers and the government are all assumed to be working for the common good.
competion - very little or not at all.
the planning system - this is an extra characteristic of the comand economy.as the government runs the system,they have the job of planning how all the resources should be used.the government provides the solution for the central economic problem
There are a few main characteristics of a command economy. These include having the government make decisions about which sections produce what products, the demand being based on the decision of the market economy, and the pricing being decided by the government.
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
what is the history behind command economy
Command Economy is an example of Dictatorship.
it had major shortages of many goods and services
The primary characteristic of a command economy is that supply and price are regulated by the government instead of the market. In this way, the government decides which goods are produced and how they should be distributed.
Free economy and Command economy
There are a few main characteristics of a command economy. These include having the government make decisions about which sections produce what products, the demand being based on the decision of the market economy, and the pricing being decided by the government.
There are a few main characteristics of a command economy. These include having the government make decisions about which sections produce what products, the demand being based on the decision of the market economy, and the pricing being decided by the government.
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
what is the history behind command economy
Command Economy is an example of Dictatorship.
it had major shortages of many goods and services
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
North Korea has a command economy.
its his command in economy