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In a command economy, the main products produced are typically those deemed essential for fulfilling state objectives and meeting the needs of the population, often including basic goods like food, clothing, and housing. The government centrally plans and controls production, prioritizing industries that align with national goals, such as heavy industry or military goods. This can lead to inefficiencies and a lack of consumer choice, as production is not driven by market demand. Ultimately, the focus is on meeting quotas and achieving planned economic targets rather than responding to individual preferences.
What else can I help you with?
What does A command economy usually result in?
I would say fewer choices for the consumer.
A command economy usually results in what?
I would say fewer choices for the consumer.
What GDP is?
Gross Domestic ProductGross Domestic Product
What is different from a command economy and a mixed economy?
A Mixed economy is an economy that is both a planned and free enterprise economy.This means is has both STATE CONTROLLED economies and also PRIVATE OWNERSHIP economies. These 2 are commonly found the Caribbean, such as Barbados or Cuba for example. Free Enterprise is practically self explanatory. It if the economic system for people who own their own businesses such as shops. The Controlled economy is well obviously controlled by the STATE but this usually affects larger companies and businesses.
Is a mixed economy the same as a market economy?
No. When we say "market economy," we likely mean to say a free market economy-an economy unfettered with government policy interventions. This is usually stated in opposition to a planned command economy-planned by government personnel. Neither of these extremes exist in the real world. World economies are mixed economies. The difference between countries is the degree to which they are mixed. Economies such as Cuba and the former Soviet Union tend toward the command economy whilst economies such as Hong Kong and Singapore are cited as the freest market economies.
Who is responsible for the command economy and market economy?
The central administration is usually responsible for the command economy and the market economy. The command economy is usually a centrally planned economy whereby the prices and supply are regulated by the government other than the market forces.
What is the quality of life in a command economy?
The quality of life in a command economy is usually very low. This is because most of the command economies usually secure away the investors.
A command economy usually results in what?
I would say fewer choices for the consumer.
What does A command economy usually result in?
I would say fewer choices for the consumer.
What type of energy is a produced as a side product of all energy transformation?
Usually, heat is a side product.
How is sugar cane produced and how does it affect the local and the global economy?
How it's produced:How it affects the local and global economy:It affects the local economy like any other (agricultural) product: the free market severely affects the demand on a local level, while the supply depends on the global demand for the product. Usually sugar cane is produced in low-standing economies where the price is heavily influenced by the demand for the product (which isn't 'fair', ethically speaking). However, from an economic perspective, it's efficient for the richer economies as it's damaging for the local economy.
What GDP is?
Gross Domestic ProductGross Domestic Product
Is cheese a beef by- product?
No, cheese is produced from milk, usually milk from the cow, sheep, goat or buffalo.
What is different from a command economy and a mixed economy?
A Mixed economy is an economy that is both a planned and free enterprise economy.This means is has both STATE CONTROLLED economies and also PRIVATE OWNERSHIP economies. These 2 are commonly found the Caribbean, such as Barbados or Cuba for example. Free Enterprise is practically self explanatory. It if the economic system for people who own their own businesses such as shops. The Controlled economy is well obviously controlled by the STATE but this usually affects larger companies and businesses.
Is a mixed economy the same as a market economy?
No. When we say "market economy," we likely mean to say a free market economy-an economy unfettered with government policy interventions. This is usually stated in opposition to a planned command economy-planned by government personnel. Neither of these extremes exist in the real world. World economies are mixed economies. The difference between countries is the degree to which they are mixed. Economies such as Cuba and the former Soviet Union tend toward the command economy whilst economies such as Hong Kong and Singapore are cited as the freest market economies.
What is developing economy?
A developed economy refers to a country that has a high level of economic security and growth. This is usually determined by the Gross Domestic Product or GDP, industrialisation level, infrastructure, and the general living standards.
What is the history of cotton?
Cotton was not usually produced in Europe.Cotton was not usually produced in Europe.Cotton was not usually produced in Europe.
