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Ross
Maxine
RafaSate control of the economy is state capitalism. Communism has no state and no classes or money.
What system involves total government control of a nation's economy?
State capitalism. Though I doubt if complete control is possible.
Which economic system has become associated with authoritarian governments and total control of the economy?
The command economy is the economic system that is associated with authoritarian governments and total control of the economy. The government imposes strict control of the production activities, pricing and exports.
The economic system in which the government is in almost complete control of the economic activity is called?
State capitalism. Not Communism, which has no government and no wages system.
What type of political economic system does the US have?
The US has a Mixed Economy. This means that the system is a mix of a Free/ Market Economy (no government interference) and a Centrally Planned Economy (controlled by government). In our system, the government, therefore, can affect and regulate the economy, but cannot control it.
What is an economic system controlled by government?
Communist systems are typically ones in which the government has almost total control over the economy. Socialistic systems exert some governmental control. Pretty much every economy in the world is somewhat socialistic, however.
