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What role do consumers play in economic decisions in command economies?
work in their country
Is Brazil a market or a command economy?
No. Brazil is placed in 150nd in Economic Freedom Index, it's one most closed, regulated and taxes economies of the world. Although Brazil is capitalist, it's a hardcore corporativist and keynesian capitalist model
An economy in which the central government makes all the decisions about a country's economic policies?
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
What is economic transition?
Economic transition means the process of transitioning of countries from different economic systems. There are basicly 3 main types of economic systems. They are free market, command planned, and mixed economy. (Different books and academics may have different terms for these. What is important is the understanding of the differences). For example, economic transition refers to one country evolving from one economic system to another. It can be said that Country A is moving from command planned to free market. What is interesting about Economic Transitions are the issues faced by the country. There can be many issues like corruption, poverty, social unrest and so on.
Is China part of the command economy?
AnswerChina is no longer a command economy in that it has switched to market economic strategies in several of its sectors. Due to this, China is now a mixed economy.However, Saudi Arabia and Vietnam are some examples of a command economy. has also changed back in 2000
What role do consumers play in economic decisions in command economies?
work in their country
Is Brazil a market or a command economy?
No. Brazil is placed in 150nd in Economic Freedom Index, it's one most closed, regulated and taxes economies of the world. Although Brazil is capitalist, it's a hardcore corporativist and keynesian capitalist model
An economy in which the central government makes all the decisions about a country's economic policies?
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
What is economic transition?
Economic transition means the process of transitioning of countries from different economic systems. There are basicly 3 main types of economic systems. They are free market, command planned, and mixed economy. (Different books and academics may have different terms for these. What is important is the understanding of the differences). For example, economic transition refers to one country evolving from one economic system to another. It can be said that Country A is moving from command planned to free market. What is interesting about Economic Transitions are the issues faced by the country. There can be many issues like corruption, poverty, social unrest and so on.
Is both South Korea and North Korea are command economic country?
NO. Only North Korea is. South Korea is capitalist.
What is the closest country to east Asia?
Australia is the closest country to East Asia!
This economic system has a central authority?
The economic system has a central authority in the management of the affairs of a country. This is very important for countries who are making progress as far as the economy is concerned.
Is China part of the command economy?
AnswerChina is no longer a command economy in that it has switched to market economic strategies in several of its sectors. Due to this, China is now a mixed economy.However, Saudi Arabia and Vietnam are some examples of a command economy. has also changed back in 2000
What country has a similar economic system as North Korea?
There is no country in the world that has the kind of autarkic, state-run economy and shadow economy as North Korea, but the "country" that would come the closest would be Hamas-controlled Gaza.
How was the economic system of postwar Canada different from that postwar of Poland?
Canada, a NATO country, had a free-market economy. Poland, a member of the Warsaw Pact, had a command economy.
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 country is the closest to the tasman sea?
The country closest to the Tasman Sea are Australia & Tasmania
