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Supply and demand determines what will be produced.
What else can I help you with?
What statement describe one major aspect of a command economy?
Supply and demand determines what will be produced.
Which statement best describe an aspect of a command economy?
Everyone according to his abilites, to everyone according to his work.
What is economy command?
Command Economy is all major decisions related to the e production, commodity and service prices are all made by the goverment.
Why does Russia have a command economy?
The so called command economy of China is based on the reality that all major economic issues are decided upon by the Communist party leaders of this country.
What is an economic system characterized by a central authority which makes major economic decisions?
Command Economy. :D
The Four economic systems?
There are four major types of economic systems. This includes the mixed economy, traditional economy, command economy, and market economy.
What is system in which the major economic decisions are made by the central government?
Command economy
Which factor played a major in China's economic growth since the late 1970s?
shifting from a command economy to a mixed economy
What is what is a command economy?
A command economy is one that is run by a central authority which has control over every aspect of the economy. The Soviet Union prior to its demise in 1990 had a command economy. (North Korea still has one.) Everyone in the Soviet Union was employed by the state, everyone lived in state assigned housing, everything for sale in the stores was chosen by the state and ordered by the state, and so forth.
What is a command economy definition?
A command economy is one that is run by a central authority which has control over every aspect of the economy. The Soviet Union prior to its demise in 1990 had a command economy. (North Korea still has one.) Everyone in the Soviet Union was employed by the state, everyone lived in state assigned housing, everything for sale in the stores was chosen by the state and ordered by the state, and so forth.
Is Haiti a free market economy or a command economy?
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
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.
