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Communism is an example of what type of economic system?

Anonymous

∙ 16y ago

Updated: 4/28/2022

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.

Wiki User

∙ 16y ago

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What type of economic system usually includes communism and socialism?

command

What is the definintion of what type of economy North Korea have?

Communism: a system where everything is owned publicly and can be modified by anyone. All major economic decisions though are made by the government.

What type of economic system does the Philippines have?

mixed economic system

Capitalism is an example of what type of economic system?

Capitalism is an example of a free market economy.

What type of economic system does Turkey have?

Its a Free market economic system

Related Questions

What type of economic system usually includes communism and socialism?

command

What type of economic system was used to reshape china's economy after the civil war?

Communism

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.

What is vietnam's economic type?

Socialism (communism)

What type of social system did the Bolshevik's dream of?

Communism.

What type of government that tries to prevent wealthy or poor economic system?

I believe that is communism. If someone earns more then usual the extra money is given to someone that is poor,

What is the definintion of what type of economy North Korea have?

Communism: a system where everything is owned publicly and can be modified by anyone. All major economic decisions though are made by the government.

What type of economic system does the Philippines have?

mixed economic system

Capitalism is an example of what type of economic system?

Capitalism is an example of a free market economy.

Great Britain is an example of which type of economic syste?

The United Kingdom has a highly developed capitalisteconomic system.

What type of economic system does Turkey have?

Its a Free market economic system

What type of economic system does Cameroon have?

What type of economic system does Cameroon, Africa have? (traditional, command, market, or mixed)

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