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Why does Spain have a mixed economy?
both the government and the public control the economy, were as Russia is a planned economy because everything is planned and the government has full control
In what way did Russia benefit from being a planned economy?
By having a planned economy Russia is making good revenue in the world market. This policy helps the Russians also in having the better employment rates and the minimum wages can also be higher than in some other countries of the world. All the sectors in Russia are benefited with the planned economy.
An economy in which only the government makes economic decisions is a?
Centrally Planned Economy
What is an example of mixed market economy?
Canada mixed Russia Planned USA market
Can you name a country that has a planned economy?
North Korea is the most centrally planned economy in the world. Most others allow for *some* degree of private trade. Some other less centrally planned economies are: - China - Russia - Cuba
What is the mixed econmomy in Russia?
This was suggested and started by Stalin. And it is still continuing. And today's countries like Austraila, New zealand and candada have mixed economy. Mixed economy is when market economy + planned economy.
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 are some disadvantages of planned economy?
One disadvantage of the planned economy is that there is inefficient resource distribution.
How is the economy of totalitarian govern states?
It is a Planned Economy
What was the name of the planned US invasion of Russia in the 1950s?
To my knowledge, There was never a planned invasion of Soviet Russia by the US.
Does Russia have a mixed economy?
yes russia has a mixed economy .(:
In a traditional economy what are the economic decisions based largely on?
In a traditional economy the economic decisions are largely based on custom. In all centrally planned economies the government makes all important economic decisions.Ê
