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In a command economy, the government centrally plans and controls the distribution of goods and services. Decisions about what to produce, how much to produce, and who receives the goods are made by state authorities rather than through market forces. This system aims to meet the needs of the population based on a predetermined plan, often leading to shortages or surpluses due to lack of responsiveness to consumer demand. Ultimately, the distribution is designed to align with the government's economic and social objectives.
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What are the two features of a command economy?
In a command economy, supply and price are regulated by the government instead of market forces. Also, the government is solely responsible for deciding the goods and services to be produced and how they are distributed.
What Type of economy in which the government decides which goods and services will be available?
A command economy is one in which the government decides which goods and services will be available. There is officially no free market in a command economy.
In a command economy what does the government not do?
The government does not decide what goods consumers buy in a command economy.
Which of the four econoic systems has the most involvement with the government?
Of the 4 economic systems the one that is most directly involved with the government is command economy. The definition of command economy is an economy where supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed.
In a command economy the majority of goods and servies are provided by the?
the state
What are the characteristics of a command economy?
The primary characteristic of a command economy is that supply and price are regulated by the government instead of the market. In this way, the government decides which goods are produced and how they should be distributed.
What are the two features of a command economy?
In a command economy, supply and price are regulated by the government instead of market forces. Also, the government is solely responsible for deciding the goods and services to be produced and how they are distributed.
When prices and the quantity of goods produced are controlled by the government as in Cuba it's called a blank?
command
What Type of economy in which the government decides which goods and services will be available?
A command economy is one in which the government decides which goods and services will be available. There is officially no free market in a command economy.
In a command economy what does the government not do?
The government does not decide what goods consumers buy in a command economy.
How are good resources distributed in a free market economy?
In a free market economy, goods and resources are distributed by property and supply/demand.
What goods and services will be produced in command economy?
a good
Which of the four econoic systems has the most involvement with the government?
Of the 4 economic systems the one that is most directly involved with the government is command economy. The definition of command economy is an economy where supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed.
In a command economy the majority of goods and servies are provided by the?
the state
What government decides the production and distribution of goods?
command economy
What is true in a command economy?
The government decides which goods are produced.The government decides which goods are produced.
What is it it called when the government controls most production of goods?
command economy
