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In a command economy, the government makes the economic decisions. This means that they control industry (including manufacturing and agriculture), as opposed to being controlled by the markets and the people. The government decides what goods to produce and how to distribute them.
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What is system in which the major economic decisions are made by the central government?
Command economy
Who make the decisions in a command economy?
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
In a command economy how are decisions made?
In a command economy, the government makes the economic decisions. This means that they control industry (including manufacturing and agriculture), as opposed to being controlled by the markets and the people. The government decides what goods to produce and how to distribute them.
In a command economy economic decisions are mostly influenced by?
Its the government because its the one that control all means of production.
How are economic decisions made in a traditional economy?
they are made by custom and habit
What is system in which the major economic decisions are made by the central government?
Command economy
Who make the decisions in a command economy?
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
In a command economy how are decisions made?
In a command economy, the government makes the economic decisions. This means that they control industry (including manufacturing and agriculture), as opposed to being controlled by the markets and the people. The government decides what goods to produce and how to distribute them.
In a command how are economic decisions made?
In a command economy, the government makes the economic decisions. This means that they control industry (including manufacturing and agriculture), as opposed to being controlled by the markets and the people. The government decides what goods to produce and how to distribute them.
In a command economy economic decisions are mostly influenced by?
Its the government because its the one that control all means of production.
How are economic decisions made in a traditional economy?
they are made by custom and habit
How are economic decisions made in traditional economy?
they are made by custom and habit
What are some similarities between command and traditional economy?
In a command economy government agencies take the decisions regarding consumption production and distribution in other words allocation of resources . The classical example of command economy was the economy of erstwhile USSR- where major decisions were taken by the soviet planning commission. Traditional economy refers to economy in which primary sector- agriculture , mining , fishing , lumbering , animal husbandry etc, is dominant economic activity - in terms of share in GDP and employment.
Which countries have come the closest to having purely command economic systems?
North Korea, Vietnam, and portions of China are areas that come closest to having a purely command economic system. In a command economy, most economic decisions are made by the government rather than the free market.
. In a command economy decisions are often made for?
Yo ma ma
Which two countries come the closest to having a purely command economic system?
North Korea, Vietnam, and portions of China are areas that come closest to having a purely command economic system. In a command economy, most economic decisions are made by the government rather than the free market.
What is economy command?
Command Economy is all major decisions related to the e production, commodity and service prices are all made by the goverment.
