A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.
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.
There isn't a national economy that is totally capitalist or totally command economy. Every economy leans to one or the other. The only examples that would differ would be tribal economies. The USA is regarded as the most capitalist economy but there are many elements of a 'command' ie. Federal Reserve, government intervention in the markets etc. Cuba could be regarded as the most command economy, but the free market infiltrates.
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.
In a capitalist system, the government answers the three basic questions.
The degree to which an economy's mix ofindustries, sectors, skill levels and employment levels differ from a larger reference economy.
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.
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.
There isn't a national economy that is totally capitalist or totally command economy. Every economy leans to one or the other. The only examples that would differ would be tribal economies. The USA is regarded as the most capitalist economy but there are many elements of a 'command' ie. Federal Reserve, government intervention in the markets etc. Cuba could be regarded as the most command economy, but the free market infiltrates.
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.
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Communism requires a government-controlled command economy, while fascism does not.
Because governments usually intervene in the economy based on the selective requirements of the public .
Stalin instituted the Five-Year Plans in order to quickly generate capital for, and ensure the Soviet Unionâ??s economic strength in case of, another World War. One of Stalinâ??s signature moves was to reinstate state control of the farming system which had been decentralized under Leninâ??s New Economic Policy. Stalin also wished to return the Soviet economy to the policy of Bolshevism, or a nationalized, communist economy which had been eroded under Lenin's NEP.
Stalin instituted the Five-Year Plans in order to quickly generate capital for, and ensure the Soviet Unionâ??s economic strength in case of, another World War. One of Stalinâ??s signature moves was to reinstate state control of the farming system which had been decentralized under Leninâ??s New Economic Policy. Stalin also wished to return the Soviet economy to the policy of Bolshevism, or a nationalized, communist economy which had been eroded under Lenin's NEP.
Stalin instituted the Five-Year Plans in order to quickly generate capital for, and ensure the Soviet Unionâ??s economic strength in case of, another World War. One of Stalinâ??s signature moves was to reinstate state control of the farming system which had been decentralized under Leninâ??s New Economic Policy. Stalin also wished to return the Soviet economy to the policy of Bolshevism, or a nationalized, communist economy which had been eroded under Lenin's NEP.
Politically, Stalin believed that the Russian people were superior to the other races (Muslims, Ukrainians, Letts, Asians, etc.) within Russia and sought to exclude them from participation in government. Lenin believed in inclusion of all people within Russia in the spirit of creating a classless society that Marxian communism contemplated. Economically, Stalin sought to improve Russia's industrial and agricultural capacity by his Five-Year Plans. These brought all aspects of the economy under greater control of the central government. Lenin sought to revive the entire economy as a whole by his New Economic Policy. This re-introduced aspects of a capitalist economy in small industries and agriculture. Stalin adamantly opposed this strategy.
In a capitalist system, the government answers the three basic questions.