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How does a command economy answer the question of what to produce?
Wiki User
∙ 9y ago
A command economy answers the question of what to produce through the government. It is the role of the government to make key critical decisions in the economy.
Wiki User
∙ 9y ago
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Government tells producers how and what to produce?
Command economy
What to produce of command economy?
The government and I am in sixth grade
In what economy the government answer the three economic questions?
three economic questions what to produce how (much) to produce who gets the goods Answer: Command economy.
Who sets the price number of items to produce and for whom to produce in a command economy?
alfred wegner
What is one drawback of a command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
In a command economy which factor answers the question of what to produce?
government decisions
Government tells producers how and what to produce?
Command economy
What to produce of command economy?
The government and I am in sixth grade
In what economy the government answer the three economic questions?
three economic questions what to produce how (much) to produce who gets the goods Answer: Command economy.
Who sets the price number of items to produce and for whom to produce in a command economy?
alfred wegner
What is centrally planned socialism?
A command economy is one where the government decides what to produce, how to produce it, and who to produce it for. Socialism in its entirety is a command economic system. The term 'centralized' is synonymous with 'command' when it comes to types of economies.
What is a drawback of a command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
What is one drawback of a command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
What is one drawback of command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
When a government tells people what to produce how much to produce what price to charge and what wages to pay its an example of what?
a command economy.
How does the command economy decide how to produce?
The command economy looks at what is needed, and what is available, and allocates materials directly to production. There is often little choice in the selection of consumer goods, as there would be in a market-driven economy.
How does Vietnam demonstrate that it is a command economy?
=Vietnam can be demonstrated as a command economy because it is a dictatorship and almost all of the decisions are made by the government, leaving no choice for individuals rights. In the command economy the government decides what to produce, distribute and consume. The government also decides the price of the product, how to make the product, how to sell the product, and also who to sell it to. Basically in a command economy there is no freedom. China used to have a command economy, but it no longer does not. Saudi Arabia is another example of a command economy too. This is how Vietnam can be demonstrated as a command economy.=
