How is the Economy in Communist Countries?

free enterpries economy

China - Capitalist Economy - Communist / Socialist Laos - Capitalist Economy - Communist / Socialist Vietnam - Capitalist Economy - Communist / Socialist North Korea - Fascist - No Economy

Communist countries have /used to have a so-called 'managed' economy. This type is not based on the dynamics of supply and demand in the market, but on Government-dictated directives and targets.

Two that i know of are China and Cuba.

North Korea, Cuba and China are communist countries with command economies, as opposed to market economies or mixed economies. The former Soviet Union also had a command economy.

Communism is a first and foremost a type of economy, where all materials and services are owned and distributed by the government. So, to answer your question, communist countries have communist economies.

It's not. Communism is a type of an economy. The UN does not have a government or an economy. It is a body where representatives of nations meet. Some of those countries are communist (fewer an fewer).

No, the US has a market economy a result of its capitalist policies, command economies can be found in communist countries.

have governments that are highly involved in the economy.

No. Polish was a communist economy before 1989. Since then it started to transform in capitalistic economy.

No, Vetnam is also communist. And North Korea is not communist country. They dont follow any of communist country. Economy, systems are not connected with communism. The leader is like god in north korea. And the leader is doing horrible things. They say they are communist country but absoluty not. China, economy is demoncracy but only the governmental system is communist.

a communist government, thus a communist economy, hope this helps :)

depends on the country China has a control economy, they control their currency to control economic globalization for the world economies that are dependent on them such as the United States

Its a command economy! :+)

Angola has a communist economy!

A command economy is the same as a socialst or communist economy.

A command economy can be referred to as a: planned economy, centrally planned economy, command and control economy A command economy was used in communist countries. Examples are the former Soviet Union, North Korea, the People's Republic of China, and Cuba.

To maintain control of the economy and the people that live there.

Vietnam is a communist country because the government controlls everything and they have a central economy. _____ North Vietnam was communist, South Vietnam was not and did not want to be. That, in a nutshell, was what the Vietnam War was about. When all of the western countries pulled out of Vietnam, the North overran the South and both countries were reunified as Vietnam under a communist government based in Hanoi.

what did Marx believe would happen in a true communist economy

The communist countries today are North Korea, China, Vietnam, Laos, and Cuba.

No, none of those three countries are communist countries.

The command economy is a key feature of any communist society. China, Cuba, North Korea and the former Soviet Union are examples of countries that have command economies.

Till 1989 (like other communist party ruled socialist countries of Europe) Bulgaria followed Marxist-Leninist model of State owned and regulated economy and there was no free and market economy.

There are not a lot of communist countries left in the world, but there was a time when people used to try to flee from communist countries. In some cases they were getting away from abusive dictatorial governments, but more often they just wanted to go to a country where the economy was healthier and they could enjoy a higher standard of living. Communist countries have usually had severe economic problems, and that is the main reason why people eventually rejected communism in most of the formerly communist countries. China is a special case, and although the Chinese government claims to still be communist in nature, it has adopted a mixed economic system, with elements of both communism and capitalism.