communism is this type if government!
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
An economy is a system for producing goods and services.
ECONOMY! ;)
Economy or "economic system"
# The private sector controls some part of natural resources and the government controls the other # The government plays an important role in resolving economic problems faced by society # Private ownerships and governments cooperate to produce goods and resolve together fundamental economic problems # The government also provides services such as education, health, military defense, legal and infrastructure to society. # The government influence in determining the goods to be produced.
socialism
The government decides where to invest resources.
The government decides where to invest resources.
A system for producing goods and services is known as a production system. Goods are produced from raw materials, and services are activities performed.
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
A command economy, such as communism or socialism, is a political system where the government controls the production of all food and goods. This system aims to centrally plan and coordinate economic activities to achieve specific objectives.
An economy is a system for producing goods and services.
ECONOMY! ;)
This is an essay answer because we don’t do homework and your teacher is looking for your critical thinking skills.
command economy
Socialism:noun: Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy. Antonyms: capitalism, the profit-system, wage labor, business enterprise, private property
Socialism is when ownership of production and distribution is controlled collectively or by the government. The opposite of socialism is capitalism.