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This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.

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What makes the most economic decisions in a command economy?

government policies


Who makes economic decisions in a command economy?

the president...


What are El Salvador's government policies that affect economic decisions?

El Salvador's government policies impacting economic decisions include the adoption of Bitcoin as legal tender, aimed at fostering innovation and attracting foreign investment. The government also emphasizes public investment in infrastructure and social programs to stimulate economic growth. Additionally, policies targeting tax incentives for businesses and efforts to improve the ease of doing business are designed to enhance the local economy. However, challenges such as political stability and security issues continue to influence economic outcomes.


Who makes the economic decisions of India?

The economic decisions of India are made by the Ministry of Finance. The Ministry of Finance makes crucial decisions regarding taxation, import quotas and the formation of economic policies.


When the government has lasses economic policies what are they doing about business?

When the government implements laissez-faire economic policies, it minimizes its intervention in business activities, allowing the free market to operate with limited regulation. This approach encourages competition and innovation, as businesses are free to make decisions based on supply, demand, and consumer preferences without excessive government oversight. The government typically focuses on maintaining a stable economic environment rather than directly influencing business operations. Overall, laissez-faire policies aim to promote economic growth and efficiency through market-driven mechanisms.

Related Questions

What makes the most economic decisions in a command economy?

government policies


Who makes economic decisions in a command economy?

the president...


What are El Salvador's government policies that affect economic decisions?

El Salvador's government policies impacting economic decisions include the adoption of Bitcoin as legal tender, aimed at fostering innovation and attracting foreign investment. The government also emphasizes public investment in infrastructure and social programs to stimulate economic growth. Additionally, policies targeting tax incentives for businesses and efforts to improve the ease of doing business are designed to enhance the local economy. However, challenges such as political stability and security issues continue to influence economic outcomes.


Who makes the economic decisions of India?

The economic decisions of India are made by the Ministry of Finance. The Ministry of Finance makes crucial decisions regarding taxation, import quotas and the formation of economic policies.


When the government has lasses economic policies what are they doing about business?

When the government implements laissez-faire economic policies, it minimizes its intervention in business activities, allowing the free market to operate with limited regulation. This approach encourages competition and innovation, as businesses are free to make decisions based on supply, demand, and consumer preferences without excessive government oversight. The government typically focuses on maintaining a stable economic environment rather than directly influencing business operations. Overall, laissez-faire policies aim to promote economic growth and efficiency through market-driven mechanisms.


Who makes JAPANS economic decisions?

Japan's economic decisions are primarily influenced by the government, particularly the Prime Minister and the Cabinet, along with the Ministry of Finance and the Bank of Japan. The government formulates economic policies, while the Bank of Japan is responsible for monetary policy, including interest rates and inflation control. Additionally, various advisory councils and stakeholders, including business and labor organizations, can impact economic decision-making through consultation and advocacy.


What was the result of the laissez-faire economic policies are by the federal government between the Civil War and 1990?

Laissez-faire economic policies Civil War and 1900 results was


What were President Reagan's economic policies?

Low taxes and cutting government spending.


When the government has laissez-faire economic policies. what are they doing about business?

Leaving it alone.


When the government has laissez-faire economic policies what they doing about business?

Leaving it alone.


When the government has laissez faire economic policies what are the doing about business?

Leaving it alone.


When the government has laissez-faire economic policies what are they doing about business?

Leaving it alone.