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This is called a command economy.

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Michael Scalise

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3y ago

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Traditional economy coutries?

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?


What Type of economy in which the government decides which goods and services will be available?

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.


What is it it called when the government controls most production of goods?

command economy


Is when a central authority controls prices and production of goods and services?

A command economy


When a central authority controls prices and production of goods and services.?

A command economy


Is the current US economy is based primarily on the production of Agricultural goods Goods for Federal government use Manufacturing goods or Services?

services


In the actual economy goods and services are purchased by?

households and the government but not the firms.


Who controls the prices of the goods and the services in the economics system of the communism?

The government decides where to invest resources.


What is the difference a free market economy and a mixed economy?

In a mixed-market econom, the government imposes regulations on the production of goods and services.


A government that operates a market economy MIGHT become involved in the economy?

to provide public goods and services to its citizens.


Who controls the prices of goods and services in the economic system communism?

The government decides where to invest resources.


Who controls the the prices of goods and services in the economic systems of communism?

The government decides where to invest resources.