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Communist systems are typically ones in which the government has almost total control over the economy. Socialistic systems exert some governmental control. Pretty much every economy in the world is somewhat socialistic, however.
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Centralized economic system?
In centralized economic system everything in the economy is controlled by the government. In this type of economies market does not have any role to play. Production and consumption of goods are controlled by the government.
Is traditional economic system controlled by government?
NO. In a traditional economic system, the government does not involve itself with transactions, primarily since the barter system makes it difficult for the government to monitor transactions.
What social and economic system in which classes are abolished and property is commonly controlled?
The Communism Economic System
What is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
Which of these would have a controlled economic system?
a socialist country
Centralized economic system?
In centralized economic system everything in the economy is controlled by the government. In this type of economies market does not have any role to play. Production and consumption of goods are controlled by the government.
Is traditional economic system controlled by government?
NO. In a traditional economic system, the government does not involve itself with transactions, primarily since the barter system makes it difficult for the government to monitor transactions.
What social and economic system in which classes are abolished and property is commonly controlled?
The Communism Economic System
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."
What is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
Which of these would have a controlled economic system?
a socialist country
What kind of economic system does Taiwan have?
Mixed Economy: the government gets some of the revenue for public works civil service defense etc and the rest is non government controlled.
The basic economic questions are answered by a group of government planners?
The basic economic question are answered by a group of government planners. This was all because of control.
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 Government controlled social and economic equality and cooperation called?
Socialism
What is the economic system which has a socialist economic system and a totalitarian form of government?
CommunismNovaNet
What countries have a controlled economy?
If you are talking about countries, then there are lots of countries that have a controlled economic system, such as Venezuela, China, and Russia. Some economies have more government control than other and none are completely government controlled, except N. Korea perhaps.
