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A command free market, often referred to as a market economy, relies on supply and demand to determine prices and allocate resources, allowing individuals and businesses to make decisions based on competition and personal interests. In contrast, a socialist economy is characterized by centralized control, where the government or state makes decisions regarding production, distribution, and pricing, aiming for equitable distribution of resources and wealth. This fundamental difference leads to varying levels of economic freedom and efficiency in resource allocation between the two systems.
What else can I help you with?
What is difference between mixed economy and command economy?
Who gives a f**k. Nobody cares about the economy. If you do you are a ho**
Why might a socialist society have a less rigid command economy than a communist socirty?
In a socialist society, various political systems may be combines with public control of the economy.
What type of economy has the government make all choices?
Command Economy
What is the difference between a barter and monetary economy?
what is the difference between barter economy and monetary economy ?
The difference between a command economy and a demand economy?
A command economy is a private business that the government does not support. It is purely driven by consumers. They decide on what is produced. A demand economy is a business where only the government decides what is produced. There is also something called a mixed economy and that is when the government supports private businesses and decides what is produced for them.
What is difference between mixed economy and command economy?
Who gives a f**k. Nobody cares about the economy. If you do you are a ho**
Why might socialist society have a less rigid command economy than a communist?
In a socialist society, various political systems may be combines with public control of the economy.
Why might socialist have a less rigid command economy than a communist economy?
In a socialist society, various political systems may be combines with public control of the economy.
Why might a socialist society have a less-rigid command economy than a communist society?
In a socialist society, various political systems may be combines with public control of the economy.
Why might a socialist society have a less rigid command economy than a communist socirty?
In a socialist society, various political systems may be combines with public control of the economy.
What type of economy has the government make all choices?
Command Economy
What is the difference between a barter and monetary economy?
what is the difference between barter economy and monetary economy ?
The difference between a command economy and a demand economy?
A command economy is a private business that the government does not support. It is purely driven by consumers. They decide on what is produced. A demand economy is a business where only the government decides what is produced. There is also something called a mixed economy and that is when the government supports private businesses and decides what is produced for them.
Why might a socialist have a less rigid command economy than a communist society?
In a socialist society, various political systems may be combines with public control of the economy.
What is the difference between socialism government an a republic government?
Republic governments are democratic and usually have free market economies. Socialist governments are basically a watered down version of communism in which they usually have a command economy where the government owns the businesses and tells them what to produce, when to produce it and how many to produce. freedom!!!
What type of economic system does Syria have?
Formerly a socialist command economy, now Russian-style crony capitalism
What kind of economic system does a socialist country gave?
Planned
