In times of scarcity, a command economy can use rationing, but then, it could be argued that any time rationing is used, that is a form of command economy. In better economic circumstances, command economies just use money. Since a command economy controls how much money everybody has, money then serves almost the same function as a ration coupon.
its his command in economy
No, command economy
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
It has become difficult to create and maintain personal wealth in America due to its increasing move toward becoming a command economy.
The US of A has a mixed economy - a combination of market economy and command economy.
its his command in economy
No, command economy
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
It has become difficult to create and maintain personal wealth in America due to its increasing move toward becoming a command economy.
War ration coupons were coupons used during world war two and they were considered money. You would use them to buy your food, but because the food levels were so low, you could only buy a certain amount.
Everyone was issued with a ration book full of coupons. They would take the booklet to the shops and use the coupons to be able to buy the food that they were allowed and the quantity they were allowed that week or day. then once that coupon was used it would be taken out of the book so that they could not keep buying more and more, therefore making the rationing more organised.
The US of A has a mixed economy - a combination of market economy and command economy.
Communist governments use what is known as a command economy. In a command economy, the government owns everything, employs everyone, and makes all economic decisions.
It has become difficult to create and maintain personal wealth in America due to its increasing move toward becoming a command economy.
a government guy doing the stuff, not the people
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
it had major shortages of many goods and services