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A command economy, where the government centrally plans and controls economic activities, often leads to inefficiencies and a lack of innovation due to the absence of market signals like supply and demand. Resources may be misallocated, resulting in surpluses of some goods and shortages of others. Additionally, this system can stifle individual entrepreneurship and limit consumer choices. However, it can also enable rapid mobilization of resources for large-scale projects and equitable distribution of basic goods in some contexts.
What else can I help you with?
Is Haiti a free market economy or a command economy?
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
The history of command economy?
what is the history behind command economy
What is a command economy system?
Command Economy is an example of Dictatorship.
Explain stalins use of command economy in Russia?
its his command in economy
What kind of economy is Mongolia command or market?
it is a command economy da
Is Haiti a free market economy or a command economy?
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
Identify 3 sub environments of the business environment and briefly describe the effects of each of these sub environments on its business?
Free Market economy Command economy Mixed economy
What is econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
The history of command economy?
what is the history behind command economy
What is a command economy system?
Command Economy is an example of Dictatorship.
What is Vietnams econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Is North Korea a command economy or a free economy?
North Korea has a command economy.
Explain stalins use of command economy in Russia?
its his command in economy
What kind of economy is Mongolia command or market?
it is a command economy da
Is the former USSR an example of the command economy?
The USSR had a command economy, Russia today has a free market economy.
What do you call an economy that is both partly command and market?
When an economy is partly command and partly market, is called a mixed economy.
Is Libya a command economy?
Yes Libya has a Command Economy
