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Does the government take a more active role in a command economy?
Wiki User
∙ 11y ago
Yes
Wiki User
∙ 11y ago
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If the US government took over the auto and steel industries how would this affect our economy?
our mixed economy would become less of a command and more of a traditional economy.
Is India a command economy?
India is not technically a command economy. The economy of India focuses more on an indirect and direct state intervention type of economy.
What best describes a command economy?
A command economy is one where a central authority controls all economic activity, 'commanding' what products are produced, and what crops are grown, investment and prices etc.
Is US a traditional command or mixed economy?
Actually the United States is a Market Economy. Some people also call it free enterprise or a capitalism. The US could also be a mixed economy because the government also owns some things like railroads and some businesses but it is more of a Market Economy. This is where you make choices on what you want to make, how much you want it to cost, you are free to do anything without little government interference. A traditional economy is quite old now, this is where you trade or barter than actually paying anything. A command economy is where the government tells you what to make, how much it will cost, and you have to deal with the government more. A mixed economy is where there is a mixture of economic systems. To make it more plainer - The US could be either a Market or Mixed Economy but is more of a Market Economy!! Hopes this helps :D
How might a nation move from a command economy to a market economy?
Nations are moving towards a market economy and away from the command economy because the market economy is more efficient and makes more people happy. A market economy has more protections in place for consumers.
If the US government took over the auto and steel industries how would this affect our economy?
our mixed economy would become less of a command and more of a traditional economy.
Is India a command economy?
India is not technically a command economy. The economy of India focuses more on an indirect and direct state intervention type of economy.
What best describes a command economy?
A command economy is one where a central authority controls all economic activity, 'commanding' what products are produced, and what crops are grown, investment and prices etc.
Is US a traditional command or mixed economy?
Actually the United States is a Market Economy. Some people also call it free enterprise or a capitalism. The US could also be a mixed economy because the government also owns some things like railroads and some businesses but it is more of a Market Economy. This is where you make choices on what you want to make, how much you want it to cost, you are free to do anything without little government interference. A traditional economy is quite old now, this is where you trade or barter than actually paying anything. A command economy is where the government tells you what to make, how much it will cost, and you have to deal with the government more. A mixed economy is where there is a mixture of economic systems. To make it more plainer - The US could be either a Market or Mixed Economy but is more of a Market Economy!! Hopes this helps :D
How might a nation move from a command economy to a market economy?
Nations are moving towards a market economy and away from the command economy because the market economy is more efficient and makes more people happy. A market economy has more protections in place for consumers.
Does the US have a command economy?
No, it is a market economy. The former USSR is an example of a command economy (as well as Cuba, North Korea, and Vietnam) Actually, the U.S. is a mix between a market economy and a command economy. It is more of a market than a command but it is not completely either one.
Contrast how a market system and a command economy try to cope with the problem of economic scarcity?
A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale. The command economy is a key feature of any communist society. China, Cuba, North Korea and the former Soviet Union are examples of countries that have command economies. Read more: http://www.investopedia.com/terms/c/command-economy.asp#ixzz27xmMBJXEA market system is an economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
what prohibited in a conmand economy?
In a command economy, which is controlled by a central, often authoritarian government, all forms of private ownership of property is prohibited. This is to avoid the nation's wealth accumulating in the hands of a few. Also prohibited is private investment and return.
In a command economy who decides how to produce goods and services?
If by "command economy" you mean a dictatorial economy like North Korea, the government decides what is produced and has a lot of say in how things are done. The Cuban government is also a dictatorial government but more pragmatic in when to leave things alone. The US military maintains a huge installation at Guantanamo Bay in Cuba and quite a number of Cubans work on the base and draw good paychecks. The Cuban regime understands that the Americans have no intention of leaving and Cuba is incapable of evicting them. But the Americans leave the Cuban regime alone (except for the usual CIA spying and meddling)
What is the difference between a market economy and a mixed economy?
In a mixed economy, there are more government regulations.
How does the government participate in a mixed economy?
A mixed economy is an economy in which can be private and/or public, in other words the Government don't interfere with the decisions the public has to make. In a mixed economy the public decides production, distribution and other types of economic activities. A mixed economy is run controlled both by the Government as well as private owners; in a capital economy anybody can buy a share or trade, whereas at times the Government may condemn this action. One country which is considered to have a mixed economy is the United States. --Sura :D
How do the governments of north and south Korea affect their economies?
The government of North Korea is mostly closed to the outside world. This makes for a pretty stagnant economy. The government of South Korea is more open, and has a more vibrant economy.
