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What kind of economy does the central government make all the economic decisions?
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What is system in which the major economic decisions are made by the central government?
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.
Who makes economic decisions in a command economy?
the president...
Who makes decisions for a mixed economy?
Government officials and legislatures make economic decisions
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
What is system in which the major economic decisions are made by the central government?
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.
Who makes economic decisions in a command economy?
the president...
An economy in which only the government makes economic decisions is a?
Centrally Planned Economy
Who makes decisions for a mixed economy?
Government officials and legislatures make economic decisions
What does a government controlled economy have?
Government controlled economy or "planned economy" refers to " is the economic system in which decisions regarding production and investment are embodied in a plan formulated by a central authority, usually by a public body such as a government agency."
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
How are economic decisions made in a command economy?
In a command economy, the government makes the economic decisions. This means that they control industry (including manufacturing and agriculture), as opposed to being controlled by the markets and the people. The government decides what goods to produce and how to distribute them.
Who makes economic decisions for a mixed economy?
Government legeslatives and your mom
What is the command system?
Command system is when the government makes decisions or when the economic decision is taken by the central body. This type of system contrasts the market economy.
In which economic system does the government make most economic decisions?
command economy
What is An economic system in which the government makes all economic decisions?
it's called a command economy
