People are less likely to be creative if people are telling them what and how to work. Even though China is a successful command economy, for the most part command economies do not have a higher GDP. A healthy government allows people to higher standard of living which affects education, living standards, literacy, health, and most importantly for this question, GDP.
Here are the top 3 economies as of 2009... 1. China ( Approximate GDP- $7,043,000,000,000 ) 2. Japan ( Approximate GDP- $4,305,000,000,000 ) 3. India (Approximate GDP- $2,965,000,000,000 )
what are command economies
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
Usually, the higher the GDP, the higher the standard of living.
Cuba is one of the command economies in the Caribbean.
Command economies emphasize government allocation of production.
Here are the top 3 economies as of 2009... 1. China ( Approximate GDP- $7,043,000,000,000 ) 2. Japan ( Approximate GDP- $4,305,000,000,000 ) 3. India (Approximate GDP- $2,965,000,000,000 )
what are command economies
no
Command, traditional, and market economies
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
the GDP does not affect the literacy rate. The literacy rate affects the GDP. normally the higher the literacy rate, the higher the GDP, but not always. Some countries can have a very high literacy rate, but not a high GDP. but most of the time the higher the literacy rate, the higher the GDP and standard of living.
Usually, the higher the GDP, the higher the standard of living.
The US GDP is in the trillions. As of 2023, the nominal GDP of the United States is estimated to be over $25 trillion. This places it among the largest economies in the world.
command economies
Cuba is one of the command economies in the Caribbean.
no