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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.
What else can I help you with?
What is system in which the major economic decisions are made by the central government?
Command economy
2 In a free-enterprise economic system unlike a command system economic decisions are made primarily by?
Consumers.
How are economic decisions made in a command economy?
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.
Who makes the decisions in a command economic?
the president...
What is Direct Regulation in commerce?
Direct regulation is the economic style of command economies, like communism where all economic decisions are made by government.
What is an economic system characterized by a central authority which makes major economic decisions?
Command Economy. :D
What is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
Who made all economic decisions?
Economic decisions can be made by various entities depending on the context. In a market economy, individual consumers and businesses make decisions based on supply and demand. In a command economy, the government or central authority typically makes all economic decisions. In mixed economies, a combination of both market forces and government regulations influences economic decision-making.
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.
What are some similarities between command and traditional?
Economic decisions are made via centralized planning, and prices do not determine how much is produced.
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.
An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
