In a command economy, supply and price are regulated by the government instead of market forces. Also, the government is solely responsible for deciding the goods and services to be produced and how they are distributed.
In World War 1 Germany and Britain (and France?) adopted various features of a command economy. At the time it was sometimes nicknamed 'war socialsim.'
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 the history behind command economy
Command Economy is an example of Dictatorship.
A mixed economy features a "mix" of features from traditional economies, market economies, AND command economies--usually the most advantageous features from each. For example, most mixed economies borrow three of the most advantageous characteristics of a market economy: pricing, private property, and individual self-interest. The United States is one example of a mixed economy.
The two main types of economy are Command and Traditional.
In World War 1 Germany and Britain (and France?) adopted various features of a command economy. At the time it was sometimes nicknamed 'war socialsim.'
It is a command economy where the government controls the economy. It is a command economy where the government controls the 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 the history behind command economy
Command Economy is an example of Dictatorship.
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
North Korea has a command economy.
A mixed economy features a "mix" of features from traditional economies, market economies, AND command economies--usually the most advantageous features from each. For example, most mixed economies borrow three of the most advantageous characteristics of a market economy: pricing, private property, and individual self-interest. The United States is one example of a mixed economy.
its his command in economy
it is a command economy da
The USSR had a command economy, Russia today has a free market economy.