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The state that makes all economic decisions is often referred to as a "command economy" or "planned economy." In this system, the government centrally controls production, pricing, and distribution of goods and services. This contrasts with market economies, where these decisions are largely made by individuals and businesses through supply and demand. Examples of countries with command economies include North Korea and, to some extent, Cuba.
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In the united state which group actually makes most of the economic decisions?
The Consumers
In which economic system does the government make most economic decisions?
command economy
What is a centrally planned economy?
A centrally planned economy is an economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses.
Who makes the majority of the economic decisions in North Korea and economy?
In North Korea, the majority of economic decisions are made by the ruling Workers' Party and its leader, currently Kim Jong-un. The centralized government controls all aspects of the economy, including production, distribution, and pricing, with little to no input from market forces. The state prioritizes military spending and heavy industry, often at the expense of consumer goods and agricultural development. As a result, the economy operates under strict state control with limited private enterprise.
What does a state owned enterprise do?
A state owned enterprise is when a government owns and controls a certain company. The top executives are employed by the government, and that is who makes the strategic decisions for the enterprise. These types of companies are said to be ideal building block for economic growth in developing countries. Therefore, these government execs are to sustain economic growth by evaluating all of the factors within that country to encourage growth and prosperity.
In the united state which group actually makes most of the economic decisions?
The Consumers
In which economic system does the government make most economic decisions?
command economy
Who makes the decisions in Egypt?
The head of state of egypt makes the decisons in egypt.
In the US central and state governments work together to make political economic and socila decisions for all citizens this form of government is called?
a democracy
In the US central and state governments work together to make political economic and social decisions for all citizens This form of government is called?
A federal republic
. In the US central and state governments work together to make political economic and social decisions for all citizens. This form of government is called?
A federal republic
In the US central and state governments work together to make political economic and social decisions for all citizens. this form of government is called?
A federal republic
Who makes the economic decisions in Brazil?
In Brazil, economic decisions are primarily made by the federal government, specifically the Ministry of Finance and the Central Bank of Brazil. The President plays a crucial role in shaping economic policy and implementing fiscal measures, while the Central Bank focuses on monetary policy, including interest rates and inflation control. Additionally, Congress influences economic decisions through legislation and budget approval. Local and state governments also have roles in economic planning and development policies.
Which branch of government makes decisions on state public safety?
executive
Who makes the decisions in police state?
In a police state, the government would control the actions of police.
In the us central and state governments work together to make a political economic and social decisions for all citizens this form of government is called?
This form of government is called federalism. In a federal system, power is divided between the central (national) government and state governments, allowing both levels to collaborate on political, economic, and social decisions. This structure enables a balance of authority, ensuring that local needs can be addressed while maintaining a unified national policy.
Key difference between state capitalism and free-market capitalism is?
It depends on whether the means of production are owned by the state (state capitalism) or by private capitalists (private capitalism). Free enterprise is a largely mythical variety of private capitalism.
