Who is responsible for the command economy and market economy?

Anonymous

∙ 11y ago

Updated: 3/31/2020

The central administration is usually responsible for the command economy and the market economy. The command economy is usually a centrally planned economy whereby the prices and supply are regulated by the government other than the market forces.

Wiki User

∙ 11y ago

What else can I help you with?

What are the three types of economy?

Command economy, market economy, and traditional economy. The United States of America is a Market economy.

Is Bahrains economy command or market?

a market economy

Is Greece market or command economy?

Market economy

What do you call an economy that is both partly command and market?

When an economy is partly command and partly market, is called a mixed economy.

Is Haiti a free market economy or a command economy?

Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.

Does Belgium have a command or market economy?

Belgium has a market economy.

Is turkey a market economy or command economy?

mixed market

Does Singapore have a command or free market economy?

A market economy

Does Serbia have a traditional command or market economy?

It has market economy

What is an economy that is both partly command and partly market?

When an economy is partly command and partly market, is called a mixed economy.

What kind of economy is Mongolia command or market?

it is a command economy da

How market traditional and command economy adapt to change?

A traditional and command economy adapt slowly, a market economy adapts fast.