WebI can answer that, command economies still exist because their governments are historical dictatorships, and I know it because I came from one of those countries, nobody there wants a communist economy because as it was mentioned in this video, the perfect command economy, that one without inequality, and super fair with the people, that kind of … Web1. Command economy is an economy in which the government either makes or strongly influences most economic decisions. 2. The term macroeconomics refers to the study of …

Command economy Definition & Meaning - Merriam-Webster

WebApr 24, 2024 · In a command economy, the government controls major aspects of economic production. The government decides the means of production and owns the industries that produce goods and services for the public. The government decides it must produce more guns, tanks, and missiles and train its military. WebMar 4, 2024 · In a command economy (also known as a centrally planned economy), the central government controls all major aspects of a nation's economy and production. The … cindy comes from england

How are economic decisions made in a command economy?

WebA. business B. government C. household D. capital market Question 15 30 seconds Q. When nations desire a healthy macroeconomy, they typically focus on three goals, one of these … WebTrue/False: In a command economy, the head of each household makes the fundamental economic choices such as what to produce and how to produce output. False True/False: In a market system, the income earned by owners … WebJan 27, 2024 · Mike Moffatt. Updated on January 27, 2024. The United States is said to have a mixed economy because privately owned businesses and government both play important roles. Indeed, some of the most enduring debates of American economic history focus on the relative roles of the public and private sectors. cindy commander memphis