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What is the command system?
Command system is when the government makes decisions or when the economic decision is taken by the central body. This type of system contrasts the market economy.
What type of political system has collective government ownership of the economic system?
Socialism
What type of system has a socialist economic system and a totalitarian form of government?
Socialism has no wages or only or prices, hence no economic system. It also has no classes or rulers or government.
What determines what type of economic system a country has?
Decisions about the kind of economic system a country has are normally made by that country's government.
In Which type of economic system does the government make no economic decision?
There are several such systems, but the most popular is the laissez-faire system.
What type of economic system does the Netherlands have?
capitalism, but the government keeps an eye on it
What economic system would a monarch government use?
a horrible type
In Which type of government of economic system does the government make no decisions?
There are several such systems, but the most popular is the laissez-faire system.
What type of economic system involves supply and price regulate by the government?
comand
In which type of economic system does the government make no economic decisions?
There are several such systems, but the most popular is the laissez-faire system.
Centralized economic system?
In centralized economic system everything in the economy is controlled by the government. In this type of economies market does not have any role to play. Production and consumption of goods are controlled by the government.
Which type of government is power centralized?
A unitary system of government is a type of government where power is centralized. When power is shared between a central government and local governments, this is referred to as a federal system of government.
