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China is an ideal example of command economy. The Communist Party at the helm dictates all policy decisions which are supreme and should be abided by everybody without questioning. While there are advantages like quick decisions in command economy, common people are forced to abide by the decisions inspite of objections at heart. In a democratic set up like India, while all decisions are approved by parliament and people can voice their grievances in public, inordinate delay and lethargic bureaucratic set up play hindrances in speedier decisions.
What else can I help you with?
Suggest the country that practises command economy?
suggest the country that practices Command Economy and elaborate on its implementations?
What country has a mixed command economy?
Mongolia has a mixed government
Why is Israel is a command economy country?
Israel was a command economy by the 80's, but after a transition that finished in 1998 it is now a market economy.
Which country has a predominantly command economy?
cuba
What Caribbean country has command economy?
Cuba is one of the command economies in the Caribbean.
How can you tell if a country is traditional in economy or command economy?
It all depends on the region
Singapore command economy?
Singapore is not a poor country
What country currently has a command economy?
North Korea
An economy in which the central government makes all the decisions about a country's economic policies?
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
What country is a command economy?
The command economy is a key feature of any communist society. China, Cuba, North Korea and the former Soviet Union are examples of countries that have command economies.
Command economy in a sentence?
India has a commanded economy under the new prime minister. It means the country has economy in its hands.
What country has began a slow change from a command economy to a market economy in the 1990s?
i think its means Rwanda
