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The government decides where to invest resources.
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Who controls the the prices of goods and services in the economic systems of communism?
The government decides where to invest resources.
Who controls the prices of the goods and the services in the economics system of the communism?
The government decides where to invest resources.
What controls the price of goods and services in the economic system of communism?
Economic activities in the communist system is controled by the public in the sense that the government tries to control all economic activities by setting up different organizations and sectors in order to provide social-economic demands to the public or citizen.
Who control the prices of good and services in economics system of communism?
me i do
What describes a difference between communist and free economic systems?
In a communist economic system, the government owns and controls all means of production and distribution, while in a free market economy, these are owned and controlled by individuals and private corporations. Communism aims for equal distribution of wealth among all citizens, whereas a free market system promotes competition and allows for varying levels of wealth accumulation.
Is when a central authority controls prices and production of goods and services?
A command economy
When a central authority controls prices and production of goods and services.?
A command economy
Theoretically speaking communism is an economic system that includes which of the following characteristics?
Theoretically speaking communism is an economic system that includes which of the following characteristics?
How do you define planned economy?
An economic system in which the government controls and regulates production, distribution, prices, etc.
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.
An economic system is.?
There are 3 economic systems 1 Capitalism (Which is Free Market) 2 Socialism (when the government owns education,communication and transportation) 3 Communism when the government owns everything
A market in which no controls the prices is called?
A market in which no one controls the prices is called
