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Wiki User
∙ 10y ago
Wiki User
∙ 14y agoIn a command economy, the government answers the three basic economic questions. The government does this because they think it will keep their country out of economic hardships. China is no longer a command economy, but they were, which means the government thought it was the best way to go.
Wiki User
∙ 14y agoHell Yeah!
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Is china a market command or mixed economy?
It was a command but now it is slowly moving to be a market.
Which countries have predominantly command economies?
North Korea and Cuba have command economies. Recently, China has implemented free market reforms into its economy, so it could be classified as a mixed command economy. Before its collapse in 1991, the USSR could also be considered a command economy.
What is another name for command economy?
A command economy can be referred to as a:planned economy,centrally planned economy,command and control economyA command economy was used in communist countries. Examples are the former Soviet Union, North Korea, the People's Republic of China, and Cuba.
What happened to china's command economy in the early 1980s?
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What country is a command economy?
The command economy is a key feature of any communist society. China, Cuba, North Korea and the former Soviet Union are examples of countries that have command economies.
Is china a market command or mixed economy?
It was a command but now it is slowly moving to be a market.
Which countries have predominantly command economies?
North Korea and Cuba have command economies. Recently, China has implemented free market reforms into its economy, so it could be classified as a mixed command economy. Before its collapse in 1991, the USSR could also be considered a command economy.
Countries command economy?
China, Saudi Arabia, and Vietnam.
What is another name for command economy?
A command economy can be referred to as a:planned economy,centrally planned economy,command and control economyA command economy was used in communist countries. Examples are the former Soviet Union, North Korea, the People's Republic of China, and Cuba.
What happened to China's command economy in early 1980?
hjf jhdsj
What happened to china's command economy in the early 1980s?
hjf jhdsj
What country is a command economy?
The command economy is a key feature of any communist society. China, Cuba, North Korea and the former Soviet Union are examples of countries that have command economies.
Why does Russia have a command economy?
The so called command economy of China is based on the reality that all major economic issues are decided upon by the Communist party leaders of this country.
What economic system does Burma have?
Burma has a part command or planned economy and part mixed 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.=
Which factor played a major in China's economic growth since the late 1970s?
shifting from a command economy to a mixed economy
What type of economy existed under China's communist government during much of the late 20th century?
Command Economy
