In brief, it has total control. All business is controlled by the government. The government decides what to make, when to make it, how much to make, who sells it, and how much it sells for. In addition, its the government that gives the people what it feels they need, rather than what the people actually want.
With fear
they should have 100% control over the economy. they are the ones trying to protect it and the people. Btw add me on Facebook. My name is Yhu Wish.
Communist systems are typically ones in which the government has almost total control over the economy. Socialistic systems exert some governmental control. Pretty much every economy in the world is somewhat socialistic, however.
The United States uses a mixed free market economy allowing private enterprises to control the economy with minimal interaction from the government. More recently though, the government now owns much larger portions of the economy because of the federal bailouts.
decides how much consumers buy
The economy is allowed to operate with no regulations or government interventions.
they should have 100% control over the economy. they are the ones trying to protect it and the people. Btw add me on Facebook. My name is Yhu Wish.
Communist systems are typically ones in which the government has almost total control over the economy. Socialistic systems exert some governmental control. Pretty much every economy in the world is somewhat socialistic, however.
Economy in which much of the activity is controlled by government policy rather than by the dictates of markets. Examples are socialist and communist economies.
The United States uses a mixed free market economy allowing private enterprises to control the economy with minimal interaction from the government. More recently though, the government now owns much larger portions of the economy because of the federal bailouts.
How much government should be involved in the economy
The government doesnâ??t have much of a role in a traditional economy. This type of economy tends to center around thriving agricultural villages where tradition takes precedent.
The government doesnâ??t have much of a role in a traditional economy. This type of economy tends to center around thriving agricultural villages where tradition takes precedent.
Decides how much consumers buy
Decides how much consumers buy
decides how much consumers buy
The economy is allowed to operate with no regulations or government interventions.
Command Economy