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Where is command economy used?
A place that uses a command economy is North Korea.
what prohibited in a conmand economy?
In a command economy, which is controlled by a central, often authoritarian government, all forms of private ownership of property is prohibited. This is to avoid the nation's wealth accumulating in the hands of a few. Also prohibited is private investment and return.
Is China's economy a market or command?
China is an odd character when it comes to the economy. China has a state-directed, right-wing economic and political apparatus. This means that there are elements of a planned economy (a command economy) and elements of capitalism (a market economy).What generally happens is that industries in China are required to sell to the Chinese government a golden company share, which means that the government can override decisions of the company leaders and often uses this power. The use of such a power is typical of command or planned economies, especially when the Chinese government orders the company to create or produce a product that they would otherwise not choose to produce.However, the majority of corporate decisions are made by the independent company officers, which is typical of a market economy. There are, generally speaking, no quotas and companies are allowed to produce the quantities of product that the market will bear. Prices are set by companies for most products and market infiltration by region is almost entirely at the company's discretion.
An economic system that uses both free-market and command principles?
It's called a mixed economy, and that's what most economies in the world are. There are only a few exceptions. North Korea has a completely command economy, and perhaps the Grand Cayman Island has a completely free market economy.
The way the government uses taxes and spending to stabilize the economy is called what?
Fiscal policy is the way the government uses taxes and spending to stabilize the economy. It is based on the theories of British economist John Maynard Keynes, also known as Keynesian economics.
The way the government uses taxes and spending to stabilize the economy is called .?
Fiscal policy is the way the government uses taxes and spending to stabilize the economy. It is based on the theories of British economist John Maynard Keynes, also known as Keynesian Economics.
What type of sentence is a command or request and uses either a period or an exclamation point?
Imperative.
Does copper mining affect the economy?
Since copper is in demand and is an expensive resource, it can make a good basis for an economy if the government uses it wisely.
When the Federal government uses taxation and spending actions to stimulate the economy it is conducting?
fiscal policy
What is the name of economy with producers freedom?
The type of economy that offers producers freedom is a market system. Individuals control production. A country that uses this type of system is Chile.
What type of service uses command and control?
Command and control is a type of management method typically used in the military service. Command and control, also known as C2, refers to the chain of command by which higher-ranking officers have precedence over those in the lower ranks.
Is China market or command economy?
China is an odd character when it comes to the economy. China has a state-directed, right-wing economic and political apparatus. This means that there are elements of a planned economy (a command economy) and elements of capitalism (a market economy).What generally happens is that industries in China are required to sell to the Chinese government a golden company share, which means that the government can override decisions of the company leaders and often uses this power. The use of such a power is typical of command or planned economies, especially when the Chinese government orders the company to create or produce a product that they would otherwise not choose to produce.However, the majority of corporate decisions are made by the independent company officers, which is typical of a market economy. There are, generally speaking, no quotas and companies are allowed to produce the quantities of product that the market will bear. Prices are set by companies for most products and market infiltration by region is almost entirely at the company's discretion.
