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What are some examples of nations who use command economy market economy and traditional economy?
Wiki User
∙ 14y ago
Examples of countries that use a command economy are the following: China Cuba Examples of countries that use a market economy are the following: United States Canada Assuming you mean a socialized economy by way of traditional economy, below are examples of some countries that use a socialized economy Italy France Please keep in mind that no country is an absolutely pure version of each type of economy. You could say the United States, for example, shows elements of a socialized economy with its employment of social security and medicaid. You could also say that Cuba, shows elements of a market economy. Even, North Korea, which would be considered one of the most extreme examples of a command economy still has "free enterprise zones" and has condoned (or at least not quickly repressed) a healthy black market for goods and services...the black market being its own market economy.
Wiki User
∙ 14y ago
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Developing nations whose governments owned businesses and controlled farming had what form of economy?
I believe that it is command economy..
Is a market command or traditional economy most likely to come up with new and better products?
A free market economy is more receptive to new products and idea. The freedom offered in such nations helps towards the development of new products. Traditional economies and nations tend to rely on the older methods of product production and are heavily regulated, giving new idea and products less attention.
How might a nation move from a command economy to a market economy?
Nations are moving towards a market economy and away from the command economy because the market economy is more efficient and makes more people happy. A market economy has more protections in place for consumers.
What type of government controls all aspect of the economy?
There are many political flavors of that, but over all, it's called a "Command" economy. Examples can be nations that outright acknowledged this, such as the Soviet Union in the past, or China today. Or it can be nations that choose to keep the outward forms of freedom in name, but command all aspects of the economy all the same. Such as the United Kingdom or the United States. Between those two extremes - of utter honesty about the control and utter insistence that the obvious isn't taking place - are all the rest of the nations, all with more or less of a command economy, all with varying degrees of admitting this. There are special enclaves of non-command economies. More technically, the command is very light. Hong Kong had been a prime example. Various little nations scattered about the globe still retain a largely free market existence. These are handy for those in charge of the command economies to have a place to keep their funds.
What economic system does Libya use?
Libya has a command economy. Also known as controlled or planned economy. This is where a government retains the power to decide how the nations economic resources should be allocated. It has complete control over how theses resources are used.
Developing nations whose governments owned businesses and controlled farming had what form of economy?
I believe that it is command economy..
Is a market command or traditional economy most likely to come up with new and better products?
A free market economy is more receptive to new products and idea. The freedom offered in such nations helps towards the development of new products. Traditional economies and nations tend to rely on the older methods of product production and are heavily regulated, giving new idea and products less attention.
How might a nation move from a command economy to a market economy?
Nations are moving towards a market economy and away from the command economy because the market economy is more efficient and makes more people happy. A market economy has more protections in place for consumers.
What type of government controls all aspect of the economy?
There are many political flavors of that, but over all, it's called a "Command" economy. Examples can be nations that outright acknowledged this, such as the Soviet Union in the past, or China today. Or it can be nations that choose to keep the outward forms of freedom in name, but command all aspects of the economy all the same. Such as the United Kingdom or the United States. Between those two extremes - of utter honesty about the control and utter insistence that the obvious isn't taking place - are all the rest of the nations, all with more or less of a command economy, all with varying degrees of admitting this. There are special enclaves of non-command economies. More technically, the command is very light. Hong Kong had been a prime example. Various little nations scattered about the globe still retain a largely free market existence. These are handy for those in charge of the command economies to have a place to keep their funds.
What economic system does Libya use?
Libya has a command economy. Also known as controlled or planned economy. This is where a government retains the power to decide how the nations economic resources should be allocated. It has complete control over how theses resources are used.
What is the meaning of the abbreviation 'UNSC' in Halo?
UNSC stands for "United Nations Space Command."UNSC. United Nations Space Command
What is the responsibility of The United Nations Command?
The United Nations Command (UNC) is the unified command structure for the multinational military forces supporting the Republic of Korea (South Korea or ROK) during and after the Korean War.
What kind of economy do most nations in the world today use?
mixed economy
How did the panic of 1837 affect the the nation's economy?
it ruined the nations economy by no money
Which if these events can affect a nations economy?
all of these.!!
What does unsc mean?
United Nations Space Command.
What is mixed economy in a sentence?
There any many nations in the world which have mixed economy. This is an example using the word mixed economy.
