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There are two types of economic system that follows the command economy;
Communism: Government owns and operates all sources of productions, such as labor, capital, entrepreneurs, natural resource and information system. Ex: North Korea.
Socialism: Government owns and operates only selected major industries. Such as China, and some Asian countries.
What else can I help you with?
What the average cost of a home in 1905?
In 1905, the average cost of a home in the United States was approximately $3,500. This price varied significantly depending on the region and the type of home, with urban areas often seeing higher costs. Factors such as local economies and the availability of materials also influenced home prices during that era. Overall, the cost reflected a time when homeownership was becoming more accessible to the middle class.
What is the name for a war between citizens of the same country?
This type of conflict often results in what is referred to as a "civil war".
Why did slavery grow more slowly in the north then in the south?
The differences in the type of economies. South was extremely agricultural for example Cotton, Sugar Cane, and Tobacco. All of these require manual labor and since slavery is the cheapest form of labor it makes sense that the south would have a large amount of slaves instead of the north which was more industrial.
What type of work did slaves do post civil war?
slaves often worked in cotten fields.if not they were maids to thier masters or cooks.
How much did a house cost in 1903?
In 1903, the average cost of a house in the United States was around $3,000. However, prices varied significantly based on location, size, and type of home. For example, urban homes tended to be more expensive than those in rural areas. Factors like materials and local economies also influenced housing prices at the time.
What type of countries are command economies found?
It is often found in democratic countries.
What countries are under command economies?
China, South Korea, Cuba, and Russia are countries that are under command economies. This type of economy is common in a communistic country.
What type of economy does all of Asia have?
command economies in Vietnam cambodia and laos, market economie on the Philippines, and mixed economies in Singapore and Indonesia
What are the type of economics?
There are command economies, which you would find in a dictatorship or true monarchy, free economies, which you would find in Democracies or Republics, there is the mixed economy, Which is what we have, and finally there is the traditional economy which describes tribal and agricultural economies.
How do the traditional command and market economies of southwest Asia countries for whom to produce for?
In traditional command economies of Southwest Asian countries, production is typically determined by government directives, focusing on meeting state-defined needs and priorities, often emphasizing essential goods and services for the population. In contrast, market economies rely on supply and demand dynamics, where producers cater to consumer preferences and market signals guide what is produced. This distinction influences resource allocation, with command economies prioritizing stability and social welfare, while market economies encourage competition and innovation. Ultimately, the choice of whom to produce for reflects the underlying economic philosophies and governmental structures in each type of economy.
In which type of economy are these decisions made solely by the government?
In a command economy, decisions regarding production, investment, and distribution are made solely by the government. The state controls all economic resources and determines what goods and services are produced, how they are produced, and who receives them. This system contrasts with market economies, where decisions are driven by individual consumer preferences and market forces. Command economies are often associated with socialist or communist political systems.
What does market economy and command economy have in common?
Its aim to produce all goods and services that are demanded by the citizen (and often beneficial to them) using the least amount of resources (efficient.)
In which type of governments does a local governments exist only to assist the central governments?
unitary government
What type of governments do the countries of central America have?
Some are democratic governments
What type of governments?
monarchy
What type of government uses command economy?
command
What command would you type at a command prompt?
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