The economic system has a central authority in the management of the affairs of a country. This is very important for countries who are making progress as far as the economy is concerned.
corporation
communist
command
Command Economy. :D
an economic system in which the central government directs all major economic decisions
For the United States, the Federal Reserve System is the central bank. This means it is the monetary authority for the U.S.
Planing means "the direction of production activity by a central authority".
Command
Command Economy. :D
an economic system in which the central government directs all major economic decisions
Study Island Answer: They did not want a central authority like the British system
For the United States, the Federal Reserve System is the central bank. This means it is the monetary authority for the U.S.
Planing means "the direction of production activity by a central authority".
Command
federal system
A central government that possesses all governmental authority.
Refering to the economic system it means that there is government ownerships and a central planning board.
at the national or central level
at national or central level
Command economy