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Most economies and industrialized states, such as and including the United States of America, are free market systems. A command market economy, with the chief example of the bygone Soviet Union has the state (as opposed to the market) determine production and resource allocation.
What else can I help you with?
Does US have a command economy?
No, the US has a market economy a result of its capitalist policies, command economies can be found in communist countries.
Is a market economy the same as a command economy?
No, a command economy is where the central govt. controls everything. A market economy is where the govt. trades, buys, and sells products from different countries.
What are four different types of economic systems?
Market Economy, Peasant/Command Economy, Subsistence Economy, and Traditional Economy.
What economic systems does US use?
The US of A has a mixed economy - a combination of market economy and command economy.
Does Peru use free market economy command economy or mixed economy?
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
How does a market economy different from a command economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
What is econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Is Haiti a free market economy or a command 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.
The history of command economy?
what is the history behind command economy
What is a command economy system?
Command Economy is an example of Dictatorship.
What is Vietnams econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Is North Korea a command economy or a free economy?
North Korea has a command economy.
