which country has a command economy?
221317
The command economy is a key feature of any communist society. Cuba, North Korea, and the former Soviet Union are examples of countries that have command economies, while China maintained a command economy for decades before transitioning to a mixed economy that features both communistic and capitalistic elements.
235492
['Indian Occupied Kashmir.', 'Western Sahara.', 'Anguilla (UK)', 'Bonaire (Netherlands)', 'Clipperton Island (France)', 'Curacao (Netherlands)', 'Falkland Islands (UK)', 'French Guiana (France)']
983456
A command economy is where a central government makes all economic decisions. Either the government or a collective owns the land and the means of production. It doesn't rely on the laws of supply and demand that operate in a market economy. A command economy also ignores the customs that guide a traditional economy.
576653
['Democratic Republic of Congo. 2017 GDP per Capita: USD 439. ... ', 'Mozambique. 2017 GDP per Capita: USD 429. ... ', 'Uganda. 2017 GDP per Capita: USD 726. ... ', 'Tajikistan. 2017 GDP per Capita: USD 777. ... ', 'Yemen. 2016 GDP per Capita: USD 762. ... ', 'Haiti. 2017 GDP per Capita: USD 776. ... ', 'Ethiopia. 2016 GDP per Capita: USD 884. ... ', 'Tanzania. 2017 GDP per Capita: USD 1037.']
1037958
A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced, and the price at which the goods are offered for sale. It also determines investments and incomes. The command economy is a key feature of any communist society.
980332
Most economies in the world are mixed economies. The majority of those are mostly capitalistic with market features. ... In communism, there is no government, since all members of society contribute to the common good, but a command economy relies on government.
268548
traditional economy. An economy in which production is based on customs and traditions and economic roles are typically passed down from one generation to the next. command economy. An economic system in which the government controls a country's economy.
755073
['United States.', 'China.', 'United Kingdom.', 'Russia.', 'Germany.', 'France.']
123432
It holds 36% of the Nordic GDP. It also has the largest military, largest land area, most embassies, most exports and most cultural and political influence. Though on a global scale Sweden is not that powerful. Norway.
667456
Key Takeaways. The government has control over a command or planned economy. In mixed economies, the government has some control, while the rest is up to supply and demand. Command economies are characterized by large surpluses and shortages, monopolies, and prices set by the government.
401580
['China. While personal freedom is not part of the equation in China, capitalism is rampant. ... ', "Hong Kong. Traditionally billed as the world's freest economy, Hong Kong remains one of the most capitalist countries. ... ", "Singapore. Like Hong Kong, Singapore's capitalism is under siege with growing cronyism. ... ", 'Macedonia.']
994552
Countries that have a market economy are Mexico, United States, United Kingdom, Germany, and Canada . These countries have a market economy because the prices of goods and services are set by supply and demand .
2595
['China.', 'Turkey.', 'Saudi Arabia.', 'USA.', 'Russia.']
1154798
['Afghanistan.', 'Algeria.', 'Belarus.', 'Burundi.', 'Camaroon.', 'Central African Republic.', 'Chad.', "China, The People's Republic of."]
237603
Key Takeaways. Market economies utilize private ownership of the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources.
697392
['4.1 SAARC.', '4.2 Afghanistan.', '4.3 Bangladesh.', '4.4 Bhutan.', '4.5 Burma/Myanmar.', '4.6 China.', '4.7 Maldives.', '4.8 Nepal.']
62590
['Venezuela.', 'The United States.', 'Brazil.', 'Russia.', 'India.', 'Canada.', '2: Saudi Arabia.', '1: China.']