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The ruling government has a vital role to play in the economy. They make the policies that govern the way people live in a country which in turn directly affects the economy.
Ex: If the government levies heavy taxes then it would have a direct negative impact on the economy because of reduced spending by the people.
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∙ 15y ago
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What is an economy controlled by the government?
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
How is the government involved in a planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
Is it a free market economy or a government controlled economy in haiti?
It is a controlled by the government
Whats called when the government controls the entire economy?
When the government controls the entire economy, it is called a centrally planned economy.
What is the role of government in a centrally planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
What is econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
What is Vietnams econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
What is an economy controlled by the government?
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
How is the government involved in a planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
Is it a free market economy or a government controlled economy in haiti?
It is a controlled by the government
Whats called when the government controls the entire economy?
When the government controls the entire economy, it is called a centrally planned economy.
What political system calls for government of the economy?
Communism is the political system that called for government control of the economy.
What is the role of government in a centrally planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
What is the desert southwest government economy?
There is no desert southwest government. Each state where deserts occur has its own government and economy.
What type of economy is controlled by the government?
Command Economy
What is an economy that has little government control called?
What is an economy that has little government control called?
What extent does china's government control and regulate the economy?
The Chinese Government has the power to totaly regulate the economy of China However no government has ever been able to controll an economy.
