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A command economy is characterized by centralized control where the government makes all major economic decisions regarding production, distribution, and pricing of goods and services. Resources are allocated according to a planned economic model rather than market forces, often aiming for equal distribution and meeting societal needs. This system typically limits private enterprise and can lead to inefficiencies due to a lack of competition and innovation. Additionally, it may prioritize state goals over individual consumer preferences.
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Is Haiti a free market economy or a command economy?
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
The history of command economy?
what is the history behind command economy
What is a command economy system?
Command Economy is an example of Dictatorship.
Explain stalins use of command economy in Russia?
its his command in economy
What kind of economy is Mongolia command or market?
it is a command economy da
Is Haiti a free market economy or a command economy?
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
What is econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
The history of command economy?
what is the history behind command economy
What is a command economy system?
Command Economy is an example of Dictatorship.
What is Vietnams econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Is North Korea a command economy or a free economy?
North Korea has a command economy.
Explain stalins use of command economy in Russia?
its his command in economy
What kind of economy is Mongolia command or market?
it is a command economy da
Is the former USSR an example of the command economy?
The USSR had a command economy, Russia today has a free market economy.
What is the Characteristics of a self sufficient society?
characterities of self-sufficient societies
What do you call an economy that is both partly command and market?
When an economy is partly command and partly market, is called a mixed economy.
Is Libya a command economy?
Yes Libya has a Command Economy
