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
mixed economic system
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.
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)
mixed economic system
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.
Communism.
The United Kingdom has a highly developed capitalisteconomic system.
Capitalism is an example of a free market economy.
Its a Free market economic system
What type of economic system does Cameroon, Africa have? (traditional, command, market, or mixed)