Government planners decide which goods and services are produced and how they are distributed.
The purpose of government in a command economy is to make major economic decisions. This is mainly aimed at protecting the consumers.
1. Assigns production goals to producers.
2. Allocates resources to producers.
3. Sets prices for consumers.
4. Decides where people work.
5. Sets wages for workers.
6. Sells goods and services.
7. Decides who gets what and how much.
The government does not decide what goods consumers buy in a command economy.
Command Economy
A command economy answers the question of what to produce through the government. It is the role of the government to make key critical decisions in the economy.
Mongolia has a mixed government
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
The government does not decide what goods consumers buy in a command economy.
command
Command Economy
A command economy answers the question of what to produce through the government. It is the role of the government to make key critical decisions in the economy.
Mongolia has a mixed government
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
command
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
=Vietnam can be demonstrated as a command economy because it is a dictatorship and almost all of the decisions are made by the government, leaving no choice for individuals rights. In the command economy the government decides what to produce, distribute and consume. The government also decides the price of the product, how to make the product, how to sell the product, and also who to sell it to. Basically in a command economy there is no freedom. China used to have a command economy, but it no longer does not. Saudi Arabia is another example of a command economy too. This is how Vietnam can be demonstrated as a command economy.=
A command economy is one in which the government decides which goods and services will be available. There is officially no free market in a command economy.