0
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.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
When did the Command Economy begin?
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.'
What are the features of a mixed 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.
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.
What are the two main types of economy?
The two main types of economy are Command and Traditional.
When did the Command Economy begin?
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.'
What two economies are widespread in the Middle East?
Free-economy and command-economy.
What economy is similar to command economy?
A command economy is the same as a socialst or communist economy.
What are the features of a mixed 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.
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.
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.
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.
What are two main features of human geography?
Two main features of human geography are the study of how human populations interact with their environment and the analysis of cultural, social, economic, and political processes that shape human societies. Human geography also focuses on understanding the distribution and organization of people around the world.
