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A command economy is primarily characterized by central planning, where the government makes all decisions regarding the production and distribution of goods and services. This system contrasts with market economies, as it eliminates the role of supply and demand in determining prices and resource allocation. The state typically owns or regulates the means of production, aiming to achieve specific economic and social objectives.
What else can I help you with?
Is Russia primarily a traditional or command or market or mixed economy?
command economy
Which characteristic is associated with an economy based on the principles of laissez daire?
prices based on supply and demand ._.
Which economic system has become associated with authoritarian governments and total control of the economy?
The command economy is the economic system that is associated with authoritarian governments and total control of the economy. The government imposes strict control of the production activities, pricing and exports.
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
Is Russia primarily a traditional or command or market or mixed economy?
command economy
What are the characteristics of a command economy?
The primary characteristic of a command economy is that supply and price are regulated by the government instead of the market. In this way, the government decides which goods are produced and how they should be distributed.
Which characteristic is associated with an economy based on the principles of laissez daire?
prices based on supply and demand ._.
What are the characteristic of command?
There are a few main characteristics of a command economy. These include having the government make decisions about which sections produce what products, the demand being based on the decision of the market economy, and the pricing being decided by the government.
Which economic system has become associated with authoritarian governments and total control of the economy?
The command economy is the economic system that is associated with authoritarian governments and total control of the economy. The government imposes strict control of the production activities, pricing and exports.
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
