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Command Economy

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Eldon Hilpert

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2y ago
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12y ago

most likely SOCIALIST although it would have to be very strict socialism

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13y ago
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Q: What type of economy has the government make all choices?
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Related questions

What type of economy offers consumers very few choices?

a planned economy


What type of economy is controlled by the government?

Command Economy


Is a Republic a type of economy?

No, it is a type of government


In which type of economy would consumers have the most choices of products to buy?

market


What is the type of economy for presidential government?

It is supposed to be a free market economy.


In which type of economy would prices be set by the government?

command economy


In which type of economy are the producers of the goods in services able to react to consumer choices?

market


Which type of economy would consumers have the most most choices of products to buy?

market


How does the type of economy affect the type of government?

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.


What type of government uses command economy?

command


What Countries with a capitalistic view of society have which type of economy?

Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.


What type of economy is not under private control?

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.