40%
It made the economy bad
TRADE They traded animals, foods, and gold
the government.
modernization of the economy and government
In a socialist economy, the question of how many goods will be produced and supplied is not made by business. This decision is made by the government in this type of economy.
In a socialist economy, the question of how many goods will be produced and supplied is not made by business. This decision is made by the government in this type of economy.
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
Command economy
The sector of the economy which is paid for or operated by the government.
It is generally known as a market economy. In this economy, the choices are made by the people and not the government.
In a command economy, the government makes the economic decisions. This means that they control industry (including manufacturing and agriculture), as opposed to being controlled by the markets and the people. The government decides what goods to produce and how to distribute them.
It is False!