0
In a command economy, resources and production are controlled by the government, which makes decisions about what to produce, how to produce, and for whom to produce. Market forces, such as supply and demand, play a minimal role. Therefore, the concept of private ownership and free market competition is typically absent. Anything that promotes individual entrepreneurship or market-driven pricing would not be found in a command economy.
What else can I help you with?
What motivates the command economy?
Command economies are motivated by the government, which institutes how the economy will work.
In economics businesses do all except?
guide the economy
What is one drawback of a command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
What is one drawback of command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
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.
Does Sudan have a command economy?
It has a dictator. That means that it may have a command economy or planned economy or centralized economy (they all mena the same thing).
What motivates the command economy?
Command economies are motivated by the government, which institutes how the economy will work.
What is economy command?
Command Economy is all major decisions related to the e production, commodity and service prices are all made by the goverment.
In what kind of an economy does the government make all the decision?
command economy
How can you tell if a country is traditional in economy or command economy?
It all depends on the region
What is a drawback of a command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
In economics businesses do all except?
guide the economy
What is one drawback of command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
What is one drawback of a command economy compared to a free market economy?
Answer this question… A command economy reduces innovation by requiring all businesses to follow government orders.
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.
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.=
What is an economy where government owns all production and industry?
Command Economy.
