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A command economy is one where a central authority controls all economic activity, 'commanding' what products are produced, and what crops are grown, investment and prices etc.
Ulises Koss
Wiki User
∙ 7y agothe best answer to make it more better to understand is
- an economic system in which the government controls and regulates production, distribution, prices, etc.
and command economy or planned economy is a noun
A command economy is an economic method where the price and supply of products are set and regulated by the government. The command economy is a key feature of a communist society.
A command economy is when the government owns all the businesses, make all the prices,and tell who gets to work there(under option). For example....
Say Germany is under a command economy by the US. The Us does all their businesses and owns all them,makes all the prices and tells show works there.
But a market economy is when anyone can own the business.
Wiki User
∙ 16y agoThese economies are so named because the government has the power to command the nation's economic resources. It has complete control over the way these resources are used. It has the power to decide what should be produced, how it should be produced and for whom it shall be produced.
Wiki User
∙ 9y agoCommand economy refers to an economic system where economic activities are governed by a central authority. The means of production are owned by the public.
Wiki User
∙ 15y agoA command economy is one where a central authority controls all economic activity, 'commanding' what products are produced, and what crops are grown, investment and prices etc.
Wiki User
∙ 15y agoA society that is controlled by the government that helps equality and stability. A society that is controlled by the government that helps equality and stability.
Wiki User
∙ 10y agowell command economy is when the government has all the control of what to sell or produce in a market and centrally planned economy...... my brain just went blank, have no idea,
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What is the economy of North Korea would best be classified as...?
A command economy.
Which of the following describes a drawback of a command economy compared to a free market economy?
Answer this question… It reduces innovation by requiring all businesses to follow government orders.
Which economic system best describes the United States?
The U.S. economy can be best described as socialism B. The U.S. economy is a pure market economy.
What is the best example of a mixed economy?
the best example of a MIXED ECONOMY is the market economy and a command economy
What word best describes American economy in the 1920s?
fluctuating
What best describes why ancient Egypt could be described as a command economy?
D
What is the economy of North Korea would best be classified as...?
A command economy.
Which statement best describes Venezuela's economy?
primary
What BEST describes china's economic system?
mixed/command
What best describes Bulgaria's economy?
The economy has improved because of a government reform program. A+
Which of the following describes a drawback of a command economy compared to a free market economy?
Answer this question… It reduces innovation by requiring all businesses to follow government orders.
Which economic system best describes the United States?
The U.S. economy can be best described as socialism B. The U.S. economy is a pure market economy.
What is the best example of a mixed economy?
the best example of a MIXED ECONOMY is the market economy and a command economy
What economy is similar to command economy?
A command economy is the same as a socialst or communist economy.
What is a characteristic that best describes United Kingdom's economy?
Traditional
What word best describes American economy in the 1920s?
fluctuating
What best describes the characteristics of a mixed economy?
The economy is allowed to operate with no regulations or government interventions.
