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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.
Wiki User
∙ 9y ago
Wiki User
∙ 12y agoCommand econoy is when the government rules over everything.
A market economy is when everything is based on business to bell sold and bought
paulbenn
Communism means a classless stateless society based on production for use. So nothing to do with a command economy.
Wiki User
∙ 9y agoNo, 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.
Xx_Izuku-Midoriya_xX...
Wiki User
∙ 13y agowell i believe that communism is in command economy >>>
Wiki User
∙ 11y agoNo. A market economy is any economy in which value and trade is based on supply and demand. Free market is a market economy with out direct control by a government or agency.
Wiki User
∙ 12y agovdvdvfvidk
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How does command economy's differ from a market 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.
How did the command economy under Stalin differ from a capatalist economy?
A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
What do you call an economy that is both partly command and market?
When an economy is partly command and partly market, is called a mixed economy.
Does Serbia have a traditional command or market economy?
It has market economy
How does a market economy differ 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.
How does command economy's differ from a market 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.
How did the command economy under Stalin differ from a capatalist economy?
A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
Is Bahrains economy command or market?
a market economy
Is Greece market or command economy?
Market economy
What do you call an economy that is both partly command and market?
When an economy is partly command and partly market, is called a mixed economy.
Is turkey a market economy or command economy?
mixed market
Does Serbia have a traditional command or market economy?
It has market economy
Does Singapore have a command or free market economy?
A market economy
Does Belgium have a command or market economy?
Belgium has a market 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.
