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Command economy
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∙ 12y ago
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What is the form of government in which a single party controls the economy and production?
The form of government in which a single party controls the economy and production is communism.
Who controls the factors of production in a capitalist economy?
The capitalist class.
What is it it called when the government controls most production of goods?
command economy
Who owns and controls the factors of production in a mixed economy?
both the government and private sectors
What is an economic system where the government owns and controls the means of production?
socialism.
What is it called when a government dictates all aspects of production?
When the government controls everything, It is called Command/Communism
How do you define planned economy?
An economic system in which the government controls and regulates production, distribution, prices, etc.
What is manpower controls?
Manpower controls are the decisions made by the government and government bodies concerning where and how people work. During World War Two the Labor government introduced Manpower Controls in January 1942 in order to direct workers to the areas which needed increased production because of the war effort
Economic system which government controls the factors of production for the public good?
Under state capitalism, the government controls the means of production. But this is for the benefit of the ruling class, not for ‘the public good’.
What is the type of economy where government controls all industry and production?
State capitalism. In Socialism it is the people who control production and distribution, the aim of production being to meet human need.
In which political system does the government control the production of all food and goods?
A command economy, such as communism or socialism, is a political system where the government controls the production of all food and goods. This system aims to centrally plan and coordinate economic activities to achieve specific objectives.
Under Socialism who controls production?
Under socialism, society controls the means of production.
