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What is another name for command economy?
A command economy can be referred to as a:planned economy,centrally planned economy,command and control economyA command economy was used in communist countries. Examples are the former Soviet Union, North Korea, the People's Republic of China, and Cuba.
In command economy who tells producers what and how much to produce?
Government planners In a command economy, government committees or economic planners, political officials and production expers designate production levels and the factories which will produce them. This works on apex too soooooooo your welcoome
What kinds of benefits do people receive in a market economy system in a command economy system?
are the benefits do people
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.
Which economic system says government should control all land and wealth?
in a Communist or command economy the government decides where people live what jobs they will preform and their income. thy also control all land and wealth.
What is another name for command economy?
A command economy can be referred to as a:planned economy,centrally planned economy,command and control economyA command economy was used in communist countries. Examples are the former Soviet Union, North Korea, the People's Republic of China, and Cuba.
What employs a lot of people and is better for Ireland's economy?
Manufacturing
In command economy who tells producers what and how much to produce?
Government planners In a command economy, government committees or economic planners, political officials and production expers designate production levels and the factories which will produce them. This works on apex too soooooooo your welcoome
What kind of benefit do people receive in a market economy in a command economy system?
are the benefits do people
What kind of benefits do people receive in a market economy system In a command economy system?
are the benefits do people
What kinds of benefits do people receive in a market economy system in a command economy system?
are the benefits do people
Who rules a command economy?
A person or a group of people.
Does Australia have a traditional command free market or mixed economy?
The free-market system is free from government intrusion and is where the people can freely change prices and products for the public. The command economy doesn’t provide freedom to its people, and the mixed economy has both government and public input. Therefore, we can come to the conclusion that Australia has a mixed economy.
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.
Which economic system says government should control all land and wealth?
in a Communist or command economy the government decides where people live what jobs they will preform and their income. thy also control all land and wealth.
What is a country that is a command economy?
China is an ideal example of command economy. The Communist Party at the helm dictates all policy decisions which are supreme and should be abided by everybody without questioning. While there are advantages like quick decisions in command economy, common people are forced to abide by the decisions inspite of objections at heart. In a democratic set up like India, while all decisions are approved by parliament and people can voice their grievances in public, inordinate delay and lethargic bureaucratic set up play hindrances in speedier decisions.
How might a nation move from a command economy to a market economy?
Nations are moving towards a market economy and away from the command economy because the market economy is more efficient and makes more people happy. A market economy has more protections in place for consumers.
