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The origin of a command or planned economy can be traced back to the early 20th century, particularly with the rise of socialist and communist ideologies. These economic systems emerged as a response to the inequalities of capitalism, advocating for state control over production and distribution to ensure equitable resource allocation. The Soviet Union's implementation of a centrally planned economy in the 1920s served as a prominent example, influencing other nations to adopt similar models. Such economies prioritize collective goals over individual profit, aiming for comprehensive state planning and control.
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In this type of economy the question of how many goods will be produced and supplied is not made by businesses.?
Planned (command, centrally planned, or controlled) economy
In this type of economy the question of how many goods will be produces and supplied is not made by businesses?
Planned (command, centrally planned, or controlled) economy
What is Cuba's economy?
Cuba can be a market, command, or traditional economy. It is a socialistic economy.
What is an economy controlled by the government?
An economy controlled by the government is called a centrally planned economy. It can also be referred to as 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 the type of economy where rulers decide what is to be produced?
A planned or command economy.
Does Sudan have a command economy?
It has a dictator. That means that it may have a command economy or planned economy or centralized economy (they all mena the same thing).
In this type of economy the question of how many goods will be produced and supplied is not made by businesses.?
Planned (command, centrally planned, or controlled) economy
In this type of economy the question of how many goods will be produces and supplied is not made by businesses?
Planned (command, centrally planned, or controlled) economy
What is Cuba's economy?
Cuba can be a market, command, or traditional economy. It is a socialistic economy.
What is an economy controlled by the government?
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
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.
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 another name for command economy?
A command economy can be referred to as a:planned economy,centrally planned economy,command and control economyA command economy was used in communist countries. Examples are the former Soviet Union, North Korea, the People's Republic of China, and Cuba.
What economic system does Burma have?
Burma has a part command or planned economy and part mixed economy
Which country has the GREATEST degree of a command economy out of Brazil Canada Cuba Mexico?
Cuba qualifies as such. It is a republic with a communist regime that has a command economy (i.e. centrally planned).
What economy is similar to command economy?
A planned economy is similar to a command economy, as both involve central authorities making decisions regarding production, distribution, and resource allocation. In a planned economy, the government or a central planning authority sets targets for production and consumption, while in a command economy, the government directly controls economic activities. Both systems prioritize collective or societal goals over individual preferences and rely on centralized planning to achieve economic objectives.
