A command economy, or a planned economy, is where the big decisions are
made at ... In an economic system the main decisions are, for example, allocating
A command economy is a system where the government, rather than the free
market, determines what goods should be produced, how much should be ...
Command economy definition, a socialist economic system in which production
and distribution of goods and services are controlled by the government and ...
In this lesson, learn what a command economy is as well its defining
characteristics. Advantages to a command economy, and examples, will be...
As of 2014, Iran, Cuba, China and North Korea have command economies. In a
command or planned economy, a central government authority formulates ...
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 ...
Definition of command economy: An economy in which market mechanisms are
replaced by a centralized state authority which coordinates all economic activity ...
Definition of command economy: An economy where supply and price are
regulated by the government rather than market forces. Government planners
Definition of planned economy: Type of economy that gives the government total
control over the allocation of resources. A planned economy alleviates...
23 hours ago ... Command Economy refers to economic activity that is controlled by a central
authority and means of production are publicly owned.