In the former Soviet Union, the function of a command economy was characterized by centralized planning and state ownership of resources and means of production. The government dictated economic activity, setting production targets and controlling distribution, which aimed to achieve rapid industrialization and meet collective needs. However, this system often led to inefficiencies, shortages, and a lack of innovation due to limited competition and consumer choice. Ultimately, the rigid structure contributed to economic stagnation, which played a role in the Soviet Union's dissolution in 1991.
A command economy.
North Korea modeled itself after the former Soviet Union in developing its economy. The objective was to attain self-sufficiency in terms of economy.
the market economy.
I would think so. I've met a former CO who wore his dolphins, boomer pin, and command at sea pin at the same time.
true
The USSR had a command economy, Russia today has a free market economy.
A 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.
The command economy is a key feature of any communist society. China, Cuba, North Korea and the former Soviet Union are examples of countries that have command economies.
command economy
it had major shortages of many goods and services
North Korea, Iran and Cuba
A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale. The command economy is a key feature of any communist society. China, Cuba, North Korea and the former Soviet Union are examples of countries that have command economies. Read more: http://www.investopedia.com/terms/c/command-economy.asp#ixzz27xmMBJXEA market system is an economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
Answer this question… They struggled with ethnic conflicts and political instability brought about by the collapse of communism.
You have asked a complicated question and the answer may not be so simple. A command economy is when the government controls everything and controls all aspects of business. Generally, communist countries have command economies. The former Soviet Union is an example of a command economy. Generally, private ownership of land is not allowed. Private ownership of land is allowed in a free market economy. However, many countries have mixed economies. For example, although the state seized all land in the communist takeover of China in 1949, private land ownership for development is slowly creeping back into the national scene.
No. When we say "market economy," we likely mean to say a free market economy-an economy unfettered with government policy interventions. This is usually stated in opposition to a planned command economy-planned by government personnel. Neither of these extremes exist in the real world. World economies are mixed economies. The difference between countries is the degree to which they are mixed. Economies such as Cuba and the former Soviet Union tend toward the command economy whilst economies such as Hong Kong and Singapore are cited as the freest market economies.
No, it is a market economy. The former USSR is an example of a command economy (as well as Cuba, North Korea, and Vietnam) Actually, the U.S. is a mix between a market economy and a command economy. It is more of a market than a command but it is not completely either one.