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What is an economic system characterized by a central authority which makes major economic decisions?
Wiki User
∙ 8y ago
Command Economy. :D
Wiki User
∙ 8y ago
Anonymous
Command
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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 is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
This economic system has a central authority?
The economic system has a central authority in the management of the affairs of a country. This is very important for countries who are making progress as far as the economy is concerned.
What is system in which the major economic decisions are made by the central government?
Command economy
What do you mean economic planing?
Planing means "the direction of production activity by a central authority".
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 is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
This economic system has a central authority?
The economic system has a central authority in the management of the affairs of a country. This is very important for countries who are making progress as far as the economy is concerned.
What is system in which the major economic decisions are made by the central government?
Command economy
What do you mean economic planing?
Planing means "the direction of production activity by a central authority".
Which economic system favors decisions by consumers but allows for some central planning?
Mixed Capitalism
Who makes economic decisions in a command economy?
the president...
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 economy in which the central government makes all the decisions about a country's economic policies?
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
In a command economy economic decisions are mostly influenced by?
Its the government because its the one that control all means of production.
What is the central focus of economic perspective?
Economic perspective: a viewpoint that envisions individuals and institutions making rational decisions by comparing the marginal benefits and marginal costs associated with their actions
Who ha pure market economy?
In a pure market economy, producers and consumers have the freedom to make their own economic decisions, without those decisions being guided or dictated by a central controlling mechanism.
