Command Economy
most likely SOCIALIST although it would have to be very strict socialism
a planned economy
Command Economy
No, it is a type of government
market
command economy
a planned economy
Command Economy
No, it is a type of government
market
It is supposed to be a free market economy.
command economy
market
market
The type of economy usually matches the type of government. For example, a democratic country will usually have a capitalist (or free market-based) economy while a non-democratic country will usually have a socialist economy. The more freedom there is in the government usually brings about more freedom in the economy. However, I would say that the type of government affects the economy and not vice versa. Of course, if the economy completely crashed, it could cause a democratic country to become non-democratic. People tend to vote for radical decisions during crises.
command
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
A market economy is not under the private control. A command economy is one where decisions are made by the government only, thus making it a private economy. In market economy, anyone can decide what business to do and what to make.