This is called a command 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.
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.
command economy
A command economy
A command economy
services
households and the government but not the firms.
The government decides where to invest resources.
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.
The government decides where to invest resources.
The government decides where to invest resources.