Yahoo Web Search

  1. About 61,100,000 search results

  1. A command economy, or a planned economy, is where the big decisions are made at the centre by the government. In an economic system the main decisions are, for example, allocating resources like labour, capital and oil. Prices, too, are controlled. In a command economy, these decisions are taken by a central body, usually the government.

  2. Jul 23, 2022 · The command economy is an economic system that is controlled by a centralized federal government. In most examples of this type of economy, the focus of the control is on the industrial goods that are manufactured with the country.

  3. Mar 04, 2019 · A command economy—or centrally planned economy—is a system in which the government controls all facets of the nation’s economy. All businesses and housing are owned and controlled by the government.

    • Robert Longley
    • History And Government Expert
  4. People also ask

    What are the 5 characteristics of command economy?

    What are the economic goals of a command economy?

    What are facts about command economy?

    What is an example of a command economy?

  5. Sep 03, 2021 · The meaning of COMMAND ECONOMY is an economic system in which activity is controlled by a central authority and the means of production are publicly owned.

  6. command economy is a form of economic system where the production/ supply, demand/ supply of goods and services, selling price, investment type and investment levels, all are regulated by the central governing authority by assigning production goals quantitatively and providing necessary raw materials required for manufacturing to production

  7. A command economy is where the big decisions are made and owned at the centre by the government. A planned economy is where the big decisions are made at the centre by the government. In an economic system the main decisions are, for example, allocating resources like labour, capital and oil. Prices, too, are controlled.

  1. People also search for