Planned Economy

One significant condition resulting from Joseph Stalin's implementation of a command economy was widespread famine, particularly the Holodomor in Ukraine during the early 1930s. Stalin's policies of forced collectivization and grain requisitioning led to severe agricultural disruption and food shortages. Additionally, the emphasis on rapid industrialization often came at the expense of consumer goods, resulting in poor living standards and economic hardship for many citizens. These policies created a climate of fear and repression, as dissent was met with harsh punishment.

Because, the Saudi government controls mostly the natural resources, the rail system, and the post company....etc. Other then that, the government does not own other things in other industries.

Karl Marx supported a command economy through his critique of capitalism and his vision for a classless society. He believed that the means of production should be collectively owned and managed by the state to eliminate class distinctions and ensure equitable distribution of resources. In his view, a centrally planned economy would enable the fulfillment of human needs rather than profit motives, thereby fostering cooperation and social welfare. Marx's ideas laid the groundwork for later communist movements that implemented command economies.

After the Russian Revolution, the country became increasingly centralized and authoritarian as Lenin and the Bolshevik Party subordinated the Soviets (the workers councils, or the true manifestation of worker's control over the means of production) under the power of a bureaucratic elite. After Lenin's death, Joseph Stalin went even further into turning the Soviet Union into a totalitarian nightmare.

To maximize profits.

The "invisible hand" is the interaction in markets where those who are able to provide goods or services find agents who demand those those goods or services and are willing to exchange them for something the supplier deems of value. If the demand is met, or there is demand by another agent in the market willing to provide compensation to the supplier that is deemed of more value, the resources in the market look to supply the next need for valued consideration.

In a command economy, supply may not be demand driven. This may result in excess capacity devoted to something that does not allow the highest value to be placed on the supplied goods or services. A transactional inefficiency may then be the result of a command economy that is not focused on markets.

verga

yes

In a way you can say it is but at the same time it depends on what place you are talking about. You Just have to think about wether they still follow what people did thousands of years ago and if they still do it.

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.

It has become difficult to create and maintain personal wealth in America due to its increasing move toward becoming a command economy.

The government does not decide what goods consumers buy in a command economy.

A government is involved in central planning because most governments are the center of social and legal planning for the countries they represent. The United States is an example of a government that centrally plans many aspects of the country.