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Who runs a command economic system?
A command economic system is typically run by a central authority, such as the government or a central planning agency. In this system, the government makes all decisions regarding the production, distribution, and consumption of goods and services, often with the aim of achieving specific social or economic goals. Examples of countries that have historically operated under command economies include the former Soviet Union and North Korea. The system contrasts with market economies, where decisions are driven by supply and demand.
What are the three different types of economies and how are they different?
Command and Market: Traditional:Economy dominated by methods and techniques that have strong social support even though they may be old-fashioned or out of date.Command: An economy that is planned and controlled by a central administration, as in the former Soviet Union.Market : An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
Command economies as in the former Soviet Union often have terrible shortages of common consumer goods like bathroom tissue How do market economies usually avoid such terrible shortages?
In market economies consumers learn not to want things that are not supplied, so there can never be a real shortage in a market economy.
What is one of the major disadvantage's of a centrally planned economy?
The fundamental disadvantage of a centrally planned economy is that local conditions, which often vary from one place to another (and can change rapidly), cannot be accounted for at the highest levels of planning. Another serious disadvantage is the cost incurred by such an economy's numerous executive agencies and administrators.
What provide a command economic?
A command economy is characterized by central planning where the government makes all decisions regarding the production, distribution, and pricing of goods and services. This system aims to allocate resources efficiently according to a national plan, often prioritizing social welfare over profit. While it can lead to rapid industrialization and equitable resource distribution, it may also result in inefficiencies, lack of innovation, and limited consumer choice due to the absence of market signals. Examples of command economies include North Korea and the former Soviet Union.
Who was the leader that communism and central planning to the former Soviet union?
Vladimir Lenin
Who was the leader that introduced communism and central planning to the former Soviet Union?
Vladimir Lenin
What deos Perestroika mean?
Perestroika is an economic policy adopted in the former Soviet Union; intended to increase automation and labor efficiency. However, it led eventually to the end of central planning in the Russian economy.
Who are former people of Central America?
toltecs
What is the former Central administrative department of the soviet security service?
Gulag
What can you say about a former employee?
I would imagine that you are wondering if you can be sued for slander if you speak critically of a former employee. Generally speaking, it is legal to speak the truth. If you were planning to tell lies about your former employee, that could get you into trouble.
What is tajikistan?
It is a place in Asia. a former Soviet Republic located in Central Asia.
Former California governor and organizer of the central pacific railroad?
Leland Stanford
What was the name of the central country that made up the former soviet union?
Moscow
What is the only Central American country where English is an official language?
Belize, which is the former British Honduras, is the only Central American country where English is an official language.
Where is former Ottawa central railway?
taken over by Canadian national railway in 2008
Where were the former republics of the Soviet Union clustered in a specific geographic region?
Central Asia
