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What economic theory states that the government should own and control the means of production and distribution?
Centrally Planned Economies are typical of totalitarian countries such as Cuba, North Korea. The econonomic theory behind these governments is usually a form of Marxism.
What else can I help you with?
How did government control of economic production help defeat Germany and Japan in World War 2?
What do you think hes the president of corse, yes he did live in the white house.
How is North Korea a centrally planned economy?
North Korea operates as a centrally planned economy where the government exerts complete control over all economic activities, including production, distribution, and pricing. The state owns and manages all means of production, and economic decisions are made by state planners rather than market forces. This system aims to achieve specific economic goals set by the government, often prioritizing heavy industry and military spending over consumer goods. As a result, the economy often faces inefficiencies and shortages, leading to widespread struggles for the populace.
Government ensures a what system to control money?
It has an economic system
How did Spain control the economic activities of its colonies?
They heavily taxed all domestic production.
Who was the soviet leader who brought all economic activity under government control?
joseph stalin
Which of the foln which type of economic system does the government control the means of production and distribution?
socialism :)
Marx believed that the should completely control production?
The people should control production and distribution. Production should take place to meet human need.
What economic system is based on government control of all factors of production?
communism
What is to provide for and control the economic system?
To make available for and to hold in check the pertaining to the system of production, distribution, and consupmtion.
What economic system does the government have complete control over manufacturing and production?
That would be COMMUNISM.
Which is not the objective of Public Procurement and Distribution system followed by Indian Government?
Control the production of food grains
What is the type of economy where government controls all industry and production?
State capitalism. In Socialism it is the people who control production and distribution, the aim of production being to meet human need.
What is the role of the government in socialist countries?
In socialist countries, the role of the government is to control and manage the means of production and distribution of goods and services. The government plays a central role in planning and implementing economic policies, ensuring social welfare, and promoting equality and social justice. It aims to eliminate class distinctions and protect the interests of the working class.
What is the political system in which the government peacefully takes control of production while the citizena retain partial control over economic planning?
B democratic socialism
Which economic system has become associated with authoritarian governments and total control of the economy?
The command economy is the economic system that is associated with authoritarian governments and total control of the economy. The government imposes strict control of the production activities, pricing and exports.
What is the economic goals of government?
To do away with economics by having no money or prices or buying and selling.
Who control property and the distribution of income in a socialist system?
The government
