Want this question answered?
command
The government owns most economic resources with a command system.
discuss the basic economic problem?
command economy
it's called a command economy
The government answers the three economic questions in a command economy.
because it is a command economy...the government controls it all
command
government
The government owns most economic resources with a command system.
discuss the basic economic problem?
it's called a command economy
command economy
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.
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.
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.
A basic characteristic of a command system is that the government owns most economic resources.