Discover the command economy, its definition and how it works. Explore a list of command economy examples, their defining characteristics and facts...
Define command economy. command economy synonyms, command economy pronunciation, command economy translation, English dictionary definition of command economy. n. An economy that is planned and controlled by a central administration, as in the former Sov
In a command economy, the central government dictates the level of production of goods and controls their distribution and prices. Proponents of command economies argue that government control rather than private enterprise can ensure the fair distribution of goods and services. ...
The New Palgrave: Dictionary of Economics, Volume 2 Command economy — epistemic game theoryA command economy is one in which the coordination of economic activity, essential to the viability and functioning of a complex social economy, is undertaken through administrative means — commands, ...
Command economy definition, pros and cons. Karl Marx's definition and examples of countries that still use a command economy model.
DefinitionA Command Economy, also known as a Planned Economy or Centrally Planned Economy, is an economic system in which key economic decisions, such as what to produce, how to produce, and for whom to produce, are made by a central authority, typically the government. In a command economy...
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Define a mixed economy. Describe the differences in economic growth in a traditional economy, a market economy, and a command economy. Is France a command or market economy? Explain the term "centrally planned economy"? Relating to economics, define mixed economy. What is the definition of a ...
Command Economy | Definition, Characteristics & Examples from Chapter 3 / Lesson 18 200K Discover the command economy, its definition and how it works. Explore a list of command economy examples, their defining characteristics and facts about them. Related...
PremiumMixed economyEconomicsCapitalism 854 Words 4 Pages Good Essays Read More Traditional Economy, Command Economy and Market Economy EconomiesTraditionalEconomy‚CommandEconomy&MarketEconomyTraditionalEconomyDefinition A traditionaleconomyis an economic system where customs‚ traditions and beliefs determine th...