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A command economy is an economic system in which the government or central authority makes all decisions regarding the production, allocation, and distribution of goods and services. In this system, the state typically owns or controls major industries and resources, with limited or no input from market forces or consumer preferences. The primary goal is often to achieve specific social or economic outcomes, rather than to maximize profit. Examples include former Soviet Union and North Korea.
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What is the economy of North Korea would best be classified as...?
A command economy.
What is the best example of a mixed economy?
the best example of a MIXED ECONOMY is the market economy and a command economy
Is Haiti a free market economy or a command economy?
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
The history of command economy?
what is the history behind command economy
What is a command economy system?
Command Economy is an example of Dictatorship.
What is the economy of North Korea would best be classified as...?
A command economy.
What is the best example of a mixed economy?
the best example of a MIXED ECONOMY is the market economy and a command economy
What is econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Is Haiti a free market economy or a command economy?
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
The history of command economy?
what is the history behind command economy
What is a command economy system?
Command Economy is an example of Dictatorship.
What is Vietnams econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Is North Korea a command economy or a free economy?
North Korea has a command economy.
What best describes why ancient Egypt could be described as a command economy?
D
Explain stalins use of command economy in Russia?
its his command in economy
What kind of economy is Mongolia command or market?
it is a command economy da
Is the former USSR an example of the command economy?
The USSR had a command economy, Russia today has a free market economy.
