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Socialist country-Providing equality of wealth

Planned economy-Making allocation decisions

Free-market system-Protecting freedom of choice

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Q: Match the economic system with the action performed by the government in that system?
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An economic system in which the central government directs all major economic decisions?

an economic system in which the central government directs all major economic decisions


What is the economic system which has a socialist economic system and a totalitarian form of government?

CommunismNovaNet


Is traditional economic system controlled by government?

NO. In a traditional economic system, the government does not involve itself with transactions, primarily since the barter system makes it difficult for the government to monitor transactions.


In the US what role does the government play in the economic system?

the government enforces economic laws and regulations


How does the government control the economic system?

the government controls the economic system through banks taxes and other ways inwhich we may not think of.


Government ensures a what system to control money?

It has an economic system


What are the elements of the economic system of government?

ManufacturingRegulationDistribution


What type of system has a socialist economic system and a totalitarian form of government?

Socialism has no wages or only or prices, hence no economic system. It also has no classes or rulers or government.


What system has a socialist economic system and a totalitarian form of government?

Capitalism


What is a system which has a socialist economic system and a totalitarian form of government?

Father


WHAT DOES A government do in a planned economy?

runs the economic system


What does the government do in the planned economy?

runs the economic system