Venezuela is the Latin American country closest to a command economy. The government has significant control over the economy, including the nationalization of key industries like oil and the implementation of price controls on various goods. This has led to reduced private sector participation and heavy state intervention in economic activities. As a result, the economy has faced challenges such as shortages and inefficiencies.
communism
suggest the country that practices Command Economy and elaborate on its implementations?
Mongolia has a mixed government
cuba
Cuba is one of the command economies in the Caribbean.
Cuba is the Latin American country with a command economy
communism
suggest the country that practices Command Economy and elaborate on its implementations?
Mongolia has a mixed government
Israel was a command economy by the 80's, but after a transition that finished in 1998 it is now a market economy.
cuba
Cuba is one of the command economies in the Caribbean.
It all depends on the region
Singapore is not a poor country
North Korea
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
The command economy is a key feature of any communist society. China, Cuba, North Korea and the former Soviet Union are examples of countries that have command economies.