In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
No role the government should play.
This answer is that the governments role is very little
mixed economy
This answer is that the governments role is very little
His domestic program expanded the role of the federal government in managing the economy and protecting the interests of citizens.
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
A centrally planned economy usually has one central body (government agency) that determines the products that should be produced and how they should be sold. In a centrally planned economy, the forces of demand and supply will play a very small role in pricing or export and imports.
Who controls the economy in North Korea? The economy of North Korea is a centrally planned economy, following Juche, where the role of market allocation schemes is limited, although increasing. As of 2021, North Korea continues its basic adherence to a centralized command economy.
No role the government should play.
This answer is that the governments role is very little
mixed economy
He advocated a strong role of govt. in managing the economy...
He advocated a strong role of govt. in managing the economy...
ryk
This answer is that the governments role is very little
This answer is that the governments role is very little
The government has no role in a traditional economy other than keeping peace to the degree where different individuals can conduct trade in peace.