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In a communist society the means of production are controlled by the state and not by private enterprise. However it should be noted that while certain country's describe themselves a s Communist states and others a s capitalist the aim of neither has ever come close to being reached.
Wiki User
∙ 13y ago
Wiki User
∙ 14y agopaulbenn
Communism will have to be at a global level, so there can be no such thing as a Communist country. And it will have no economy, because no money and no prices.
Wiki User
∙ 13y agoIts a command economy! :+)
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Does Thailand have a command economy?
No Thailand does not have a command economy. In a command economy, the government controls what goods are produced, how much they are produced, and what they cost. This type of economy often is found in a country that is run by a dictatorship. Thailand is a mixed economy. The government makes some decisions about and the government makes others.
What type of economy does armenia have?
Armenia switched from a communist economy to a capitalist economy, as all the former Soviet states did after the collapse of the USSR.
Which is generally a characteristic of a communist economy?
Generally, a communist country is characterized by an economy in which the owners of businesses do not own their means of production. In a communist society it is a general practice for the government to regulate businesses and the amount of money that people make.
What type of economic system does Angola have?
Angola has a communist government and an oil and diamond economy.
What type of an economic system is Venezuela?
Venezuela has a more communist than capital economy.
What type of economy does Venezuela?
Venezuela has a more communist than capital economy.
What type of economy is saving necessary for?
Any type of economy save for the 100% communist one: which is inefficient.
What type of government did North and South Vietnam have?
RVN=Republic of South Vietnam, a democracy.
Is china a free market economy?
No. it should be under mixed market economy
Does Thailand have a command economy?
No Thailand does not have a command economy. In a command economy, the government controls what goods are produced, how much they are produced, and what they cost. This type of economy often is found in a country that is run by a dictatorship. Thailand is a mixed economy. The government makes some decisions about and the government makes others.
Is India a communist country or not?
No, India is not a communist country. The type of government is, federal republic.
What type of political system is china?
Communist, but there economy is capitalist.
What type of economy is Egypt?
Market / Capitalist, as opposed to Communist. The current government has reformed the highly centralized economy it inherited from President Gamal Abdel Nasser.
What type of economy does armenia have?
Armenia switched from a communist economy to a capitalist economy, as all the former Soviet states did after the collapse of the USSR.
What type of economy recently collapsed in the communist bloc countries of Eastern Europe and the Soviet Union?
command economy
What type of economic does Angola have?
Angola has a communist government and an oil and diamond economy.
Why is the UN partly communist?
It's not. Communism is a type of an economy. The UN does not have a government or an economy. It is a body where representatives of nations meet. Some of those countries are communist (fewer an fewer).
