Which of the Following Is Considered a Command Economy

This answer has been confirmed as correct and helpful. The government decides what is produced c.

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People meet their needs on a basis of their customs.

. The government is saddled with the responsibility of deciding what is produced or made in the country. Individuals determine for themselves what to produce who will want it how much to produce and how much to charge. Government planners decide which goods and services are produced and how they are distributed.

Prohibition of personal property ie private ownership of properties is generally prohibited. In a command economy the _____ either makes most economic decisions itself or at least strongly influences how the decisions are made. The government determines prices d.

The features of a command economy include the following. Also called a centrally planned economy. Which of the following is NOT true about a command economy.

A command economy is one in which a central government makes all economic decisions. Because of their relatively small national economies which of the following is most likely considered to be the most important factor for Belgium Korea. Which of the following is considered a command economy.

The former Soviet Union and North Korea are two command economy examples which are considered a socialist form of government. C The economy will now be able to produce at a point outside its ppf. The economy is currently operating at a point on its ppf.

Individuals own businesses and they compete with one another for profits. Either the government or a collective owns the land and the means of production. View the full answer.

Log in for more information. Which of the following is Considered a command economy 1. As a command economy develops the following outcomes is most likely - rationing and shortages in production.

The objective of a command economy is noble and virtuous which eliminates the general population from the fear of the insecurity related to their basic needs. Command economy is a form of economic system where production levels and rates are determined centrally by the government instead of demand-based production as like in case of market driven economy. Same family does the same work generation after generation.

Government control of production levels and distribution quotas. Which of the following are considered command economies. Added 10272014 82653 AM.

Economic decisions are determined by the market What is the term when a country can produce a good at a lower opportunity cost. Command economy with limited market reforms i. Economic goals are set by the ruler or government b.

In a command economy the system is controlled by the government while a mixed economy is a system partly run by the government. Government control of prices and salaries. Capitalism 2 Private enterprise 3.

The government owns and runs all the businesses. It doesnt rely on the laws of supply and demand that operate in a market economy and it ignores the customs that guide a traditional economy. Command and mixed economies are two different economic systems.

Vietnam China and Cuba are examples of communist countries that operate a command economy. If a single firm gains control over the production of solar panels which of the following is most likely to happen. 000 points Which of the following is considered a command economy.

Which of the following describes a command economy. Capitalism Libertinism Private enterprise Communism Laissez-faire market In many cases the government owns or controls the production of goods and services. To explore this concept consider the following command economy definition.

A The economy will move to a less-desirable point on the ppf. The answer is d Communism The command economy is a key feature of a. The government and the people own everything together.

Communism and socialism are therefore considered command economies. The former Soviet Union was an example of a command economy. Government officials are less likely to be corrupt and will help keep.

Theory suggesting that government should play a very limited role in society. In a command economy the state owns and controls all resources rather than allowing public supply and demand to influence the nations economy. Drag and drop the country names to classify them by type of economy that they have today.

Individuals own some businesses and the government also owns some businesses. B The economys ppf will shift inward. Monopolies are common in command economies as they are.

The leader of the country makes all the economic decisions. An economywhere supply and price are regulated by the government rather than market forces. Communism is Considered a command economy.

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