This is called a command economy.
State capitalism, where the means of production belong to the state and most people have to work for a wage in order to survive.
Socialist Economic System
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communisim
A command economy is one in which the government decides which goods and services will be available. There is officially no free market in a command economy.
services
households and the government but not the firms.
In a mixed-market econom, the government imposes regulations on the production of goods and services.
to provide public goods and services to its citizens.
What type of Government is in control in a traditional,command and market economy? Who controls the resources? Distribution of goods and services? Controls productions? What are the negative affects on society? Benefits to society for each form of economy?
A command economy is one in which the government decides which goods and services will be available. There is officially no free market in a command economy.
A command economy
A command economy
command economy
services
households and the government but not the firms.
In a mixed-market econom, the government imposes regulations on the production of goods and services.
The government decides where to invest resources.
to provide public goods and services to its citizens.
The government decides where to invest resources.
The government decides where to invest resources.