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Which nation's economy could best be described as a command economy where the government determines guidelines for economic development and sets goals for economic production?
Wiki User
∙ 8y ago
A planned economy is also known as a command economy, and it is designed by a central governmental authority. It is a type of socialist economy, and it currently exists in North Korea, Laos, and Cuba.
Wiki User
∙ 9y ago
Wiki User
∙ 8y agochina
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What is an economic system in which the government plans and determines the production of goods and services?
Command economy
What statement describe one major aspect of a command economy?
Supply and demand determines what will be produced.
What determines the optimal level of production in command economies?
The optimal level of production in a command economy is determined by the central planners and is consistent with government objectives rather than being a function of consumer desires.
Who determines a country's GDP?
all of the resources of production together produce the GDP
What is the role of the price system?
In economics, a price system determines the allocation of scarce resources and induces supply to respond to change in demand. It also rations out scarce product, indicates change in want, is in use in the production of goods and services, and determines the reward factors of production.
What is an economic system in which the government plans and determines the production of goods and services?
Command economy
What statement describe one major aspect of a command economy?
Supply and demand determines what will be produced.
What determines the optimal level of production in command economies?
The optimal level of production in a command economy is determined by the central planners and is consistent with government objectives rather than being a function of consumer desires.
What determines the production and distribution of goods in a communist system?
The answer to this question is impossible. Please try again.
What is the initial factor that determines urine production?
Blood pressure
Production in the Northeast centered on the development of?
Production in the Northeast centered on the development of: agriculture industry irrigation it is industry
What are the factor that determines volume of production?
hwo to damand the cause of good sold.....how to determine the demand of production
The contributions of primary and tertiary production activities to the development of Nigeria?
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all of the resources of production together produce the GDP
What is part of the production of a dramatic work?
Set design is part of the production of a dramatic work. Production of a dramatic work includes stage directions, script development, as well as plot development.
Industry laws and guidelines?
Get on my level I think the questioner wants to know about the Law of Production
How do oogenesis?
oogenesis The production and development of an egg
