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What statement describe one major aspect of a command economy?
Supply and demand determines what will be produced.
What is a command economy definition?
A command economy is one that is run by a central authority which has control over every aspect of the economy. The Soviet Union prior to its demise in 1990 had a command economy. (North Korea still has one.) Everyone in the Soviet Union was employed by the state, everyone lived in state assigned housing, everything for sale in the stores was chosen by the state and ordered by the state, and so forth.
What is the best example of command economy?
North Korea, Iran and Cuba
List and explain the sectors of the Nigerian economy?
write short note on education aspect in Nigerian economy
What type of government controls all aspect of the economy?
There are many political flavors of that, but over all, it's called a "Command" economy. Examples can be nations that outright acknowledged this, such as the Soviet Union in the past, or China today. Or it can be nations that choose to keep the outward forms of freedom in name, but command all aspects of the economy all the same. Such as the United Kingdom or the United States. Between those two extremes - of utter honesty about the control and utter insistence that the obvious isn't taking place - are all the rest of the nations, all with more or less of a command economy, all with varying degrees of admitting this. There are special enclaves of non-command economies. More technically, the command is very light. Hong Kong had been a prime example. Various little nations scattered about the globe still retain a largely free market existence. These are handy for those in charge of the command economies to have a place to keep their funds.
What statement describe one major aspect of a command economy?
Supply and demand determines what will be produced.
What is a major aspect of a command economy?
Supply and demand determines what will be produced.
What is what is a command economy?
A command economy is one that is run by a central authority which has control over every aspect of the economy. The Soviet Union prior to its demise in 1990 had a command economy. (North Korea still has one.) Everyone in the Soviet Union was employed by the state, everyone lived in state assigned housing, everything for sale in the stores was chosen by the state and ordered by the state, and so forth.
What is a command economy definition?
A command economy is one that is run by a central authority which has control over every aspect of the economy. The Soviet Union prior to its demise in 1990 had a command economy. (North Korea still has one.) Everyone in the Soviet Union was employed by the state, everyone lived in state assigned housing, everything for sale in the stores was chosen by the state and ordered by the state, and so forth.
What is the best example of command economy?
North Korea, Iran and Cuba
What is a economy definition?
A command economy is one that is run by a central authority which has control over every aspect of the economy. The Soviet Union prior to its demise in 1990 had a command economy. (North Korea still has one.) Everyone in the Soviet Union was employed by the state, everyone lived in state assigned housing, everything for sale in the stores was chosen by the state and ordered by the state, and so forth.
List and explain the sectors of the Nigerian economy?
write short note on education aspect in Nigerian economy
Is tourism an important aspect of new mexico s economy?
Yes
Which aspect of life was controlled by Nazi Germany?
Culture Economy Education
A generalized statement about an aspect of nature that has been universally confirmed?
theory
Which statement accurately describes an aspect of human reproduction?
sexual intercourse
What type of government controls all aspect of the economy?
There are many political flavors of that, but over all, it's called a "Command" economy. Examples can be nations that outright acknowledged this, such as the Soviet Union in the past, or China today. Or it can be nations that choose to keep the outward forms of freedom in name, but command all aspects of the economy all the same. Such as the United Kingdom or the United States. Between those two extremes - of utter honesty about the control and utter insistence that the obvious isn't taking place - are all the rest of the nations, all with more or less of a command economy, all with varying degrees of admitting this. There are special enclaves of non-command economies. More technically, the command is very light. Hong Kong had been a prime example. Various little nations scattered about the globe still retain a largely free market existence. These are handy for those in charge of the command economies to have a place to keep their funds.
