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In which economic system does the government own the means of production?
command
What is a basic characteristic of a command system?
The government owns most economic resources with a command system.
How are economic questions answered in a command economy?
discuss the basic economic problem?
What is An economic system in which the government makes all economic decisions?
it's called a command economy
In which economic system does the government make most economic decisions?
command economy
Who answers the three economic questions in a command economy?
The government answers the three economic questions in a command economy.
What is one cause for the scarcity of consumer goods in North Korea?
because it is a command economy...the government controls it all
In which economic system does the government own the means of production?
command
Who answers the three economic questions in command economy?
government
What is a basic characteristic of a command system?
The government owns most economic resources with a command system.
How are economic questions answered in a command economy?
discuss the basic economic problem?
What is An economic system in which the government makes all economic decisions?
it's called a command economy
In which economic system does the government make most economic decisions?
command economy
An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
What kind of economic system does a communist government have?
Communist governments use what is known as a command economy. In a command economy, the government owns everything, employs everyone, and makes all economic decisions.
What is a command economic system is characterized by?
A command economic system is one in which people rely on the government to decide what products will be produced and who the products will be distributed to after they are produced.
How are economic decisions made in a command economy?
In a command economy, the government makes the economic decisions. This means that they control industry (including manufacturing and agriculture), as opposed to being controlled by the markets and the people. The government decides what goods to produce and how to distribute them.
