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What is it it called when the government controls most production of goods?
Wiki User
∙ 13y ago
command economy
Wiki User
∙ 13y ago
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In which political system does the government control the production of all food and goods?
A command economy, such as communism or socialism, is a political system where the government controls the production of all food and goods. This system aims to centrally plan and coordinate economic activities to achieve specific objectives.
What is a system in which government controls the ways of producing goods?
communism is this type if government!
Is when a central authority controls prices and production of goods and services?
A command economy
When a central authority controls prices and production of goods and services.?
A command economy
What kind of economy does the government controls the goods and services?
This is called a command economy.
What government decides the production and distribution of goods?
command economy
Who controls the prices of the goods and the services in the economics system of the communism?
The government decides where to invest resources.
Are elements of the economic system of government?
production, manufacturing, and the distribution of goods
How did the command economy under Stalin differ from a capatalist economy?
A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.
What are goods and services are produce are called?
factors of production
What is the difference a free market economy and a mixed economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
Is the current US economy is based primarily on the production of Agricultural goods Goods for Federal government use Manufacturing goods or Services?
services
