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...
A planned economy is an economic system in which inputs are based on direct
allocation. Economic planning may be carried out in a decentralized, distributed ...
A command economy is a system where the government, rather than the free
market, determines what goods should be produced, how much should be ...
Aug 26, 2016 ... Command economy, economic system in which the means of production are
publicly owned and economic activity is controlled by a central ...
Sep 22, 2016 ... A command economy is planned by a government to attain its societal goals.
Here are 5 characteristics, pros, cons, and examples of countries.
In this lesson, learn what a command economy is as well its defining
characteristics. Advantages to a command economy, and examples, will be...
Command economy definition, a socialist economic system in which production
and distribution of goods and services are controlled by the government and ...
Definition of command economy: An economy where supply and price are
regulated by the government rather than market forces. Government planners
Nov 28, 2012 ... A command or planned economy occurs when the government controls all major
aspects of the economy and economic production.
Examples of command economies as of 2014 include the former Soviet Union,
China, North Korea and Cuba. One of the defining characteristics of this type of ...