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What is system in which the major economic decisions are made by the central government?
Command economy
An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
What kind of economy does the central government make all the economic decisions?
In an economy where the central government makes all the economic decisions, it is typically referred to as a command economy or a planned economy. In this system, the government controls production, allocation of resources, and distribution of goods and services, often with the aim of achieving specific social or economic outcomes. This contrasts with market economies, where decisions are driven by individual consumers and businesses. Examples of command economies include those seen in some communist countries.
Match the economic system with the players who are responsible for the important economic decisions.?
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
Match the economic system with the players who are responsible for the important economic decisions?
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
What is system in which the major economic decisions are made by the central government?
Command economy
System in which the central government makes all decisions on the production and consumption of goods and services?
mixed economy
What is the command system?
Command system is when the government makes decisions or when the economic decision is taken by the central body. This type of system contrasts the market economy.
What does a government controlled economy have?
Government controlled economy or "planned economy" refers to " is the economic system in which decisions regarding production and investment are embodied in a plan formulated by a central authority, usually by a public body such as a government agency."
An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
What kind of economy does the central government make all the economic decisions?
In an economy where the central government makes all the economic decisions, it is typically referred to as a command economy or a planned economy. In this system, the government controls production, allocation of resources, and distribution of goods and services, often with the aim of achieving specific social or economic outcomes. This contrasts with market economies, where decisions are driven by individual consumers and businesses. Examples of command economies include those seen in some communist countries.
Match the economic system with the players who are responsible for the important economic decisions.?
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
Match the economic system with the players who are responsible for the important economic decisions?
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
What is An economic system in which the government makes all economic decisions?
it's called a command economy
In which economic system does the government make most economic decisions?
command economy
What is an economic system characterized by a central authority which makes major economic decisions?
Command Economy. :D
System that combines the free market with some government intervention?
Market Economy A market economy is a system in which decisions on production and consumption of goods and services are based entirely on exchange, or trade; The answer to this is Mixed Economy.A mixed economy is a system that combines the free market with some government intervention.
