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What controls the price of goods and services in the economic system of communism?
Economic activities in the communist system is controled by the public in the sense that the government tries to control all economic activities by setting up different organizations and sectors in order to provide social-economic demands to the public or citizen.
What is the economic system?
The Economic System are the means by which countries and governments distribute resources and trade goods and services.
What is the consumer for the economic system?
Both buys goods for consumption and uses goods and services.
What is the function of an economic system?
to produce and distribute goods and services
What is function of an economic system?
to produce and distribute goods and services
Define economic system?
is the system of production,distribution and consumption of goods and services of an economy
Economic system where production operates for the public good?
Socialism
Communism is an example of what type of economic system?
It is a form of a command economy. Communism is an economic theory which stresses that the control of the means of producing economic goods in a society should reside in the hands of those who invest their labor for production.
What is a country's system of producing distributing and consuming goods and services called?
Economy or "economic system"
What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
Which public control economy is nearest a mixed economic system?
cheese
How the public address system affects political economic social system?
determines the number of representatives
