State capitalism. Not Communism, which has no government and no wages system.
yes in a global economy government has less control over economic activity
That would be COMMUNISM.
fiscal policy
fiscal policy
An economy characterized by complete government intervention is known as a command economy or a planned economy. In this system, the government makes all decisions regarding the production, distribution, and pricing of goods and services, often aiming to achieve specific social or economic goals. Examples include the former Soviet Union and North Korea, where state control over resources and industries is extensive. This type of economy contrasts with market economies, where supply and demand dictate economic activity.
Stalin's plans to make Russia into an industrial leader through complete government control of all economic activity
yes in a global economy government has less control over economic activity
joseph stalin
joseph stalin
That would be COMMUNISM.
fiscal policy
fiscal policy
The Federal Reserve
Which government are you talking about? Adolf Hitler had complete control over Germany and Benito Mussolini had complete control over Italy.
; The policy or practice of intervening, especially: # The policy of intervening in the affairs of another sovereign state. # The use of government power to control or influence domestic economic activity.
It has an economic system
Politics deals with how to govern or control, to manage public affairs. Economics discusses economic policy. It takes a government to govern and to control, but it is the government to execute its economic policy.