The United States does not have a command economy; instead, it operates under a market economy characterized by free market principles. In this system, supply and demand determine prices and production, with minimal government intervention. Other examples of countries with market economies include Canada and Australia. Command economies, by contrast, are typically found in nations where the government makes all economic decisions, such as in North Korea.
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.
Singapore is not a poor country
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.
India has a commanded economy under the new prime minister. It means the country has economy in its hands.
i think its means Rwanda