command economy
Command Economy & MARKET ECONOMY
The USSR had a command economy, Russia today has a free market economy.
taylor swift and eminem
The so called command economy of China is based on the reality that all major economic issues are decided upon by the Communist party leaders of this country.
Russia had a command economy primarily from the early 1920s, following the Bolshevik Revolution in 1917, until the dissolution of the Soviet Union in 1991. During this period, the state controlled all means of production and central planning dictated economic activities. The command economy was characterized by state ownership of industries, collectivized agriculture, and extensive regulation of resources and labor. After the fall of the Soviet Union, Russia transitioned towards a market-based economy.
Command economy, market economy, and traditional economy. The United States of America is 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.
a market economy
Market economy
When an economy is partly command and partly market, is called a mixed economy.
Belgium has a market economy.