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If America adopted a command economy, the government would centrally plan and control all economic activities, including production, resource allocation, and pricing. This could lead to reduced economic efficiency and innovation, as market forces that drive competition and entrepreneurship would be diminished. Additionally, there could be significant challenges in meeting consumer needs and preferences, potentially resulting in shortages or surpluses of goods. Overall, such a shift could significantly alter the dynamics of American society and its global economic standing.
What else can I help you with?
What country has a mixed command economy?
Mongolia has a mixed government
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
How do you use command economy in a sentence?
It has become difficult to create and maintain personal wealth in America due to its increasing move toward becoming a command economy.
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 country has a mixed command economy?
Mongolia has a mixed government
What are the three types of economy?
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
Is United States a command and mixed economy?
America is a mixed economy
How do you use command economy in a sentence?
It has become difficult to create and maintain personal wealth in America due to its increasing move toward becoming a command economy.
How do use economy in a economy in a sentence?
It has become difficult to create and maintain personal wealth in America due to its increasing move toward becoming a command 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.
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.
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
