It is a form of a command economy. Communism is an economic theory which stresses that the control of the means of producing economic goods in a society should reside in the hands of those who invest their labor for production.
command
Communism: a system where everything is owned publicly and can be modified by anyone. All major economic decisions though are made by the government.
Capitalism is an example of a free market economy.
mixed economic system
Its a Free market economic system
command
Communism
Socialism has no wages or only or prices, hence no economic system. It also has no classes or rulers or government.
Socialism (communism)
Communism.
I believe that is communism. If someone earns more then usual the extra money is given to someone that is poor,
Communism: a system where everything is owned publicly and can be modified by anyone. All major economic decisions though are made by the government.
Capitalism is an example of a free market economy.
The United Kingdom has a highly developed capitalisteconomic system.
mixed economic system
Its a Free market economic system
Dictatorship, socialism, and communism.