command economy
The government of a country must make a decision between increasing military spending and subsidizing wheat farmers, and this kind of decision is called "guns or butter" decision.
The government of a country must make a decision between increasing military spending and subsidizing wheat farmers, and this kind of decision is called "guns or butter" decision.
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.
Statistics can help a government make informed policy decisions regarding many different areas. An example would be, if a government receives statistics based on their economy and it tells them that there is a 12 % unemployment rate. This would signal to a government to make a policy decision regarding this statistic.
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In a command economy government planners make the decisions and in a market the decisions are made by individuals.
A command economy answers the question of what to produce through the government. It is the role of the government to make key critical decisions in the economy.
The people in the government are elected to make decisions for the citizens, so they make decisions about many issues.
democracy
the government sells buys and trades things from other countries to make sure his the economy has the right supplies
A republic