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In command economies, the government or central authority decides what to buy and produce. This decision-making process is based on a centralized plan that outlines the allocation of resources, production targets, and consumer goods distribution. As a result, individual consumer preferences play a minimal role in determining what goods and services are available in the market.
What else can I help you with?
In a command economy the government does not do which of the following?
decides how much consumers buy
What are the econimes market and command?
what are command economies
Why are economies never purely market or command economies?
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
What Caribbean country has command economy?
Cuba is one of the command economies in the Caribbean.
Is there a pure command and pure market economies?
no
What doesn't the government in a command economy?
Decides how much consumers buy
In a command economy the government does not do which of the following?
decides how much consumers buy
What doesnt the government do in a command economy?
Decides how much consumers buy
In a command economy what doesn't the economy do?
Decides how much consumers buy
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 do command economies emphasize?
Command economies emphasize government allocation of production.
What are the econimes market and command?
what are command economies
Are command economies dictatorships?
no
What are the three main types of economies?
Command, traditional, and market economies
Why are economies never purely market or command economies?
Neither purely market nor purely command economies can adequately answer the basic economic questions in every situation. -Plato
What kinds of economies did Eastern European countries have before the fall of communism?
command economies
What Caribbean country has command economy?
Cuba is one of the command economies in the Caribbean.
