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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 else can I help you with?
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 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.
Is turkey a market economy or command economy?
mixed market
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.
Does Serbia have a traditional command or market economy?
It has market economy
What is an economy that is both partly command and partly market?
When an economy is partly command and partly market, is called a mixed economy.
What kind of economy is Mongolia command or market?
it is a command economy da
Who is responsible for the command economy and market economy?
The central administration is usually responsible for the command economy and the market economy. The command economy is usually a centrally planned economy whereby the prices and supply are regulated by the government other than the market forces.
