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What is it called when one person has complete control on all the decisions what economy is it?
Wiki User
∙ 11y ago
I doubt if any government could be in complete control of the economy, because of the unpredictability of supply and demand, and making a profit.
paulbenn
Torrance Durgan
paulbenn
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What is an economy that has little government control called?
What is an economy that has little government control called?
The economic system in which the government is in almost complete control of the economic activity is called?
State capitalism. Not Communism, which has no government and no wages system.
What is an economic system in which individuals make decisions on what to produce called?
Market Economy
What is An economic system in which the government makes all economic decisions?
it's called a command economy
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.
What is an economy that has little government control called?
What is an economy that has little government control called?
The economic system in which the government is in almost complete control of the economic activity is called?
State capitalism. Not Communism, which has no government and no wages system.
What is an economic system in which individuals make decisions on what to produce called?
Market Economy
Which system involves total government control of a nation's economy?
Communism is the political system that called for government control of the economy.
What political system calls for government of the economy?
Communism is the political system that called for government control of the economy.
What is An economic system in which the government makes all economic decisions?
it's called a command economy
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.
What is it called when a company has complete control of an industry or service?
Sounds like a monopoly to me.
When business gains complete control of an industry it is called?
When business gains complete control of an industry it is called a monopoly. In the United States, monopolies are illegal by statute.
What is the economic system of the US Called explain how it works-?
capitalist economy, Karl Max describe a system in which a small group of people who control large amounts of money, or capital, make the most important economic decisions.
What is someone called when they have almost all the control over a country?
A person with almost complete control over a country is often referred to as an autocrat or a dictator. These individuals hold significant power and authority, often making decisions unilaterally without much opposition.
What political system calls for government control of the economy?
Communism is the political system that called for government control of the economy.
