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What is a command economic system is characterized by?

Anonymous

∙ 12y ago

Updated: 10/2/2022

A command economic system is one in which people rely on the government to decide what products will be produced and who the products will be distributed to after they are produced.

Wiki User

∙ 12y ago

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What is an economic system characterized by a central authority which makes major economic decisions?

Command Economy. :D

What economic system is characterized by the least change?

I think it's the command economy.

What are the different economic system?

traditional economic system command economic system market economic system

What are the three different economic system?

traditional economic system command economic system market economic system

What are the major differences between a pure capitalist system and a pure command system?

The pure capitalism system is characterized by the private ownership of resources.The pure command system is characterized by the public ownership of resources.

Related Questions

What is an economic system characterized by a central authority which makes major economic decisions?

Command Economy. :D

What economic system is characterized by the least change?

I think it's the command economy.

What are the different economic system?

traditional economic system command economic system market economic system

What are the three different economic system?

traditional economic system command economic system market economic system

What are the major differences between a pure capitalist system and a pure command system?

The pure capitalism system is characterized by the private ownership of resources.The pure command system is characterized by the public ownership of resources.

How does a command economic system solve their economic problem?

gg

What kind of economic system are described in the Hunger Games?

planned or command economic system

What is a basic characteristic of a command system?

The government owns most economic resources with a command system.

What kind of economic system does Chile have?

A Market command system

What economic system encourage entrepreneurship?

Command

What is Brazil's economic system?

command economy

A basic characteristic of a command system is that?

A basic characteristic of a command system is that the government owns most economic resources.

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