I doubt if any government could be in complete control of the economy, because of the unpredictability of supply and demand, and making a profit.
Totalitarian
It is called a command economy.
Communism.
What is an economy that has little government control called?
State capitalism. Not Communism, which has no government and no wages system.
Market Economy
it's called a command economy
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
What is an economy that has little government control called?
State capitalism. Not Communism, which has no government and no wages system.
Market Economy
Communism is the political system that called for government control of the economy.
Communism is the political system that called for government control of the economy.
it's called a command economy
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
Sounds like a monopoly to me.
When business gains complete control of an industry it is called a monopoly. In the United States, monopolies are illegal by statute.
capitalist economy, Karl Max describe a system in which a small group of people who control large amounts of money, or capital, make the most important economic decisions.
A person with almost complete control over a country is often referred to as an autocrat or a dictator. These individuals hold significant power and authority, often making decisions unilaterally without much opposition.
Communism is the political system that called for government control of the economy.