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A communist economy occurs in nations that operate under socialism, of which there are several currently existing. These are the People's Republic of China (mainland China), Cuba, Laos, and Vietnam. North Korea is also often identified as a socialist nation with a communist economy, but officially adopts Kim Il-sung's Juche policy rather than the traditional communism popularised in the Soviet Union.
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What type of economy does a communist country have?
In a communist society the means of production are controlled by the state and not by private enterprise. However it should be noted that while certain country's describe themselves a s Communist states and others a s capitalist the aim of neither has ever come close to being reached.
Which is generally a characteristic of a communist economy?
Generally, a communist country is characterized by an economy in which the owners of businesses do not own their means of production. In a communist society it is a general practice for the government to regulate businesses and the amount of money that people make.
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.
What kind of economy does Angola have?
Angola has a communist economy!
What country is a command economy?
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.
Is china a free market economy?
No. it should be under mixed market economy
What type of economy does a communist country have?
In a communist society the means of production are controlled by the state and not by private enterprise. However it should be noted that while certain country's describe themselves a s Communist states and others a s capitalist the aim of neither has ever come close to being reached.
Which is generally a characteristic of a communist economy?
Generally, a communist country is characterized by an economy in which the owners of businesses do not own their means of production. In a communist society it is a general practice for the government to regulate businesses and the amount of money that people make.
What form of Capitalism can survive in a Communist country?
A mixed economy, where elements of capitalism and socialism coexist, can survive in a Communist country. This may involve allowing some level of private ownership and market mechanisms within a predominantly state-controlled economy. This approach can help balance the efficiency of market competition with the principles of social justice and equality.
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.
Does Australia have a communist government?
Australia is not a Communist society. We are a mixed economy and feel that if the people have a responsibility to the country, so the country has a responsibility to it people.
Is Gambia a communist country?
No, it isn't a communist country.
What communist country has a GDP of 4.5 trillon dollars?
This would be the Peoples Republic of China. It has the second largest economy in the world, behind the economy of the United States.
What was planned for this Leap to help China?
The Great Leap Forward in China was a plan by Mao Zedong to turn the country from an agrarian economy to communist society. Mao was a communist revolutionary.
What kind of economy does Angola have?
Angola has a communist economy!
Which country has the GREATEST degree of a command economy out of Brazil Canada Cuba Mexico?
Cuba qualifies as such. It is a republic with a communist regime that has a command economy (i.e. centrally planned).
What communist country abandoned its economic policy and adopted a mixed economy?
China was not Communist (which would mean no classes, no wages system, no state). It was formerly state capitalist, and is now a mix of state and private capitalism.
