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What is an economy that has little government control called?
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∙ 14y ago
Ilia Hassanianfard
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What is a government controlled economy called?
Command Economy The person above was wrong... the correct answer is called communism... it's a not so lovely little thing I like to call " the government is stupid why are they in control". How's that for communism?
Country whose government allows little or no private ownership of property and has strong control over the economy and society as a whole?
A type of government that allows little or no private ownership of property and that has strong control over the economy and society as a whole is called Communism. The hammer and sickle are universal symbols for Communism.
What is the government's role in the economy?
This answer is that the governments role is very little
What is the government's role in the Traditional economy?
This answer is that the governments role is very little
What was lassie's fair economics?
The phrase is "laissez faire" which is French and essentially means that the government should not interfere with the free market and let it do what it wants to do. In other words, it is a dog eat dog economy (pun intended).
What is a government controlled economy called?
Command Economy The person above was wrong... the correct answer is called communism... it's a not so lovely little thing I like to call " the government is stupid why are they in control". How's that for communism?
Country whose government allows little or no private ownership of property and has strong control over the economy and society as a whole?
A type of government that allows little or no private ownership of property and that has strong control over the economy and society as a whole is called Communism. The hammer and sickle are universal symbols for Communism.
How did soviet rule hurt the areas economy?
Well in the beginning of the new soviet government, there was a lot of anarchy, their was still fighting going on between the Tsars nationalists, and the Soviet bolsheviks. So with this there was little work done on the economy and more work put on other needs. with this there was little to no government control over the economy rendering it obsolete.
What is the Republican view on economy?
They want a strong economy with little government spending -Bailey
Conservatives believe that?
there should be little government regulation of the economy.
What is the government's role in the economy?
This answer is that the governments role is very little
What the government role in the traditional economy?
This answer is that the governments role is very little
What is the government's role in the Traditional economy?
This answer is that the governments role is very little
What is a form of government in which the ruling power exploits authority and permits little popular control called?
It is known as a totalitarian state.
What was lassie's fair economics?
The phrase is "laissez faire" which is French and essentially means that the government should not interfere with the free market and let it do what it wants to do. In other words, it is a dog eat dog economy (pun intended).
Who had the idea that state should not interfere with the economy?
The idea that the State should intervene in the economy as little as possible is generally known as a free market economy. ---------------------------------- In some economies the government takes steps to control the economy and decide who will benefit from it. In some cases a small class or perhaps an ethnic group will control the economy via their majority hold on the government. In other cases the government will skim a percentage off the economy for their personal use. In other cases they will artificially control the foreign exchange rate of their currency to keep their economy's exports strong. (China) In a free market anyone with a good idea, service or product can be successful based on their own efforts. Although even in a "free" economy without some government oversight and control there will be abuses by those who will seek to keep their competition out of the market by many means. So an entirely "free" market probably won't work well either.
What is the economic policy of laissez - faire?
Laissez -faire is a French term that means the avoidance of government control of the business and of the economy. This idea has been replaced with the term "free markets" which understands that government regulations on business to a certain extent are necessary for a wealthy and fair economy. The US economy can be described as a free market economy.
