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There are many political flavors of that, but over all, it's called a "Command" economy.
Examples can be nations that outright acknowledged this, such as the Soviet Union in the past, or China today. Or it can be nations that choose to keep the outward forms of freedom in name, but command all aspects of the economy all the same. Such as the United Kingdom or the United States.
Between those two extremes - of utter honesty about the control and utter insistence that the obvious isn't taking place - are all the rest of the nations, all with more or less of a command economy, all with varying degrees of admitting this.
There are special enclaves of non-command economies. More technically, the command is very light. Hong Kong had been a prime example. Various little nations scattered about the globe still retain a largely free market existence. These are handy for those in charge of the command economies to have a place to keep their funds.
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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 prices be set by the government?
command economy
What is a system in which government controls the ways of producing goods?
communism is this type if government!
Does Thailand have a command economy?
No Thailand does not have a command economy. In a command economy, the government controls what goods are produced, how much they are produced, and what they cost. This type of economy often is found in a country that is run by a dictatorship. Thailand is a mixed economy. The government makes some decisions about and the government makes others.
When the government controls all major industries and decides what products will be produced and how many of each type of product will be produced what type of economy is described?
Command economy.
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 government is it when the government controls what the people do?
Dictatorship
What form of government controls almost every aspect of people's lives including political economic cultural religious and social activities?
Totalitarianism is a form of government that controls almost every aspect of people's lives, including political, economic, cultural, religious, and social activities. This type of government typically exercises strict control over individuals and seeks to eliminate any opposition or dissent.
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
What type of government system controls America?
the federal government
What type of government controls Cuba?
castro
What type of government is the government controls all aspects of people's lives and the government is racist and expansionist?
Totalitarianism is the term to describe a government that seeks to control all facets of its citizens lives. In the Novel 1984 George Orwell a Totalitarian government is discussed in details controlling every aspect of society.
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
Does Thailand have a command economy?
No Thailand does not have a command economy. In a command economy, the government controls what goods are produced, how much they are produced, and what they cost. This type of economy often is found in a country that is run by a dictatorship. Thailand is a mixed economy. The government makes some decisions about and the government makes others.
