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14y ago

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What is a pure command economy?

Its when you are in command to do something the gov. Tells you to.


What form of government is closest to a pure market economy?

capitalism


Are there any pure market or command economic systems today?

North Korea is a pure planned economy. Nothing goes through without the approval of a central authority, in this case, the Government. The closest thing you have nowadays to a pure market economy would be the USA. But the Government still sticks his hand out if some extra help is needed, so, definitely not pure.


Is the South African economy classified as a command or market economy?

yes, South Africa is a Pure market economy


Explain how most countries have a mixed economy located on a continuum between pure market and pure command?

g yudiosk


Explain how most countries have a mixed economy located on a continuum between pure and market and pure command?

g yudiosk


Which countries have a market economy?

Almost every country has a market economy; North Korea still has a command economy. WRONG^^ U.S. is rumored to be a market economy, but there are not pure market economy.


How do most countries strike a balance between having a pure economy and a command economy?

Most Countries Have A Mixed Economy!!!:0 Oh Yeah We Ballin


How is a mixed economy is a mixture of command and pure market economy?

It’s called capitalism: class ownership, wages system, production for sale.


Which countries have come the closest to having purely command economic systems?

North Korea, Vietnam, and portions of China are areas that come closest to having a purely command economic system. In a command economy, most economic decisions are made by the government rather than the free market.


Which Latin American country listed below is closest to a command economy?

Venezuela is the Latin American country closest to a command economy. The government has significant control over the economy, including the nationalization of key industries like oil and the implementation of price controls on various goods. This has led to reduced private sector participation and heavy state intervention in economic activities. As a result, the economy has faced challenges such as shortages and inefficiencies.


Which two countries come the closest to having a purely command economic system?

North Korea, Vietnam, and portions of China are areas that come closest to having a purely command economic system. In a command economy, most economic decisions are made by the government rather than the free market.