State capitalism. Not Communism, which has no government and no wages system.
This is called a command economy, and is very characteristic of communist governments.
planned economy
yes in a global economy government has less control over economic activity
That would be COMMUNISM.
fiscal policy
fiscal policy
Centralized planning refers to when the guidance of the economy by direct government control over a large portion of economic activity. This would contrast with allowing the market to do the same thing.
yes in a global economy government has less control over economic activity
Stalin's plans to make Russia into an industrial leader through complete government control of all economic activity
joseph stalin
joseph stalin
That would be COMMUNISM.
fiscal policy
fiscal policy
The Federal Reserve
; The policy or practice of intervening, especially: # The policy of intervening in the affairs of another sovereign state. # The use of government power to control or influence domestic economic activity.
Which government are you talking about? Adolf Hitler had complete control over Germany and Benito Mussolini had complete control over Italy.
Centralized planning refers to when the guidance of the economy by direct government control over a large portion of economic activity. This would contrast with allowing the market to do the same thing.
It has an economic system