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- a socialist country
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What social and economic system in which classes are abolished and property is commonly controlled?
The Communism Economic System
What is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
Centralized economic system?
In centralized economic system everything in the economy is controlled by the government. In this type of economies market does not have any role to play. Production and consumption of goods are controlled by the government.
Which publicly controlled economy is nearest to a mixed economic system?
Communism
Is traditional economic system controlled by government?
NO. In a traditional economic system, the government does not involve itself with transactions, primarily since the barter system makes it difficult for the government to monitor transactions.
What social and economic system in which classes are abolished and property is commonly controlled?
The Communism Economic System
What is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
Centralized economic system?
In centralized economic system everything in the economy is controlled by the government. In this type of economies market does not have any role to play. Production and consumption of goods are controlled by the government.
Which publicly controlled economy is the nearest a mixed economic system?
The publicly controlled economy which is the nearest to a mixed economic system is a socialist economy. The public will influence such an economy to a great extent.
What publicly controlled economy is nearest to a mixed economic system?
socialism
Which publicly controlled economy is nearest to a mixed economic system?
Communism
Is traditional economic system controlled by government?
NO. In a traditional economic system, the government does not involve itself with transactions, primarily since the barter system makes it difficult for the government to monitor transactions.
Which publicly controlled economy is nearest a mixed economic system?
Socialism is the closest thing.
Who has a traditional economic system?
A traditional economic system would have to be a system based on the tradition of a particular region. that would imply that virtually every country has an economic system that is traditional.
An economic system where all businesses is controlled by people who share equally in the profits is called?
Capitalism
What is a socio economic system in which property and the distribution of wealth are controlled by the community for the purpose of achieving social and economic equality?
Certain brands of socialism/communism.
What country has a similar economic system as North Korea?
There is no country in the world that has the kind of autarkic, state-run economy and shadow economy as North Korea, but the "country" that would come the closest would be Hamas-controlled Gaza.
