North Korea, Cuba and Zimbabwe are countries that have planned economies, as of October 2014. The largest country to have a planned economy was the Soviet Union. A planned economy, or a command economy, involves near-total government control of industries, commerce, manufacturing, output and economic activity. A large portion of a country's gross domestic product comes from government programs in a planned economy.Know More
Zimbabwe's government spending, as a percentage of the country's GDP, is 97.8 percent. That means nearly 98 percent of Zimbabwe's economic activity is due to government funding. Cuba's government spending as a percentage of GDP is 78.1 percent. North Korea's economy is almost completely based on the government's military spending.
In a command economy, the government controls production levels, prices, wages, reallocation of resources, trade and commerce. When production levels are set, the government proscribes how many people must work to achieve that output level. Once the finished products are sold, the government reallocates the money to go towards whatever projects it deems necessary.
A planned economy is the exact opposite of a free-market economy. Most countries are mixed economies with a certain percentage of a nation's GDP from government funding. By comparison, the U.S. government is responsible for 38.9 percent of the country's GDP.Learn more about Types of Government
There are many countries that do not have a democracy and operate from a monarchy, socialist or communist government structure including the People's Republic of China, Saudi Arabia, Vatican City, United Arab Emirates, Oman, Cuba, North Korea, Bhutan, Qatar and Vietnam. In 2006, United States President George W. Bush announced that democracy promotion would be one of the central aims of U.S. foreign policy.Full Answer >
Some countries that have oligarchy governments include China, North Korea and Venezuela. The former Soviet Union was also considered to be an oligarchy. An oligarchy is a kind of government in which either a few people or a dominant group has all the power.Full Answer >
As of 2014, there are five communist countries: China, Cuba, North Korea, Vietnam and Laos. Former communist countries include Angola, Bulgaria, Cambodia, Czechoslovakia, Hungary, Romania, Soviet Union and Yugoslavia. Communist countries could be found throughout the world during the era of the Soviet Union.Full Answer >
Countries that actually refer to themselves in some way as social democracies or democratic socialist nations in their respective constitutions include Bangladesh, India, North Korea, Portugal, Sri Lanka and Tanzania. Noticeably absent from the list are European nations that are traditionally considered the models of democratic socialist countries. This may be because democratic socialism is more of an ideal than a specific practice.Full Answer >