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Command Economy: Definition, How It Works, and Characteristics
https://www.investopedia.com/terms/c/command-economy.asp
Web ResultJul 31, 2023 · The command economy, also known as a planned economy, requires that a nation's central government own and control the means of production. Private ownership of land and capital is nonexistent...
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Command economy | Definition, Characteristics, Examples,
https://www.britannica.com/money/command-economy
Web ResultMar 20, 2024 · command economy, economic system in which the means of production are publicly owned and economic activity is controlled by a central authority that assigns quantitative production goals and allots raw materials to productive enterprises. In such a system, determining the proportion of total.
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What Is a Command Economy? - The Balance
https://www.thebalancemoney.com/command-economy-characteristics-pros-cons-and-examples-3305585
Web ResultAug 7, 2022 · A command economy, also known as a planned economy, is one in which the central government plans, organizes, and controls all economic activities to maximize social welfare. Command economies, as opposed to free-market economies, do not allow market forces like supply and demand to determine …
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Command Economy | Definition, Characteristics, Pros & Cons
https://www.financestrategists.com/wealth-management/macroeconomics/command-economy/
Web ResultMar 30, 2023 · What Is a Command Economy? A command economy is an economic system where a central authority, such as the government, plans and controls the production and distribution of goods and services. This type of economy is usually associated with countries governed by communist or socialist regimes.
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Command Economy Definition, Characteristics, Pros and Cons
https://www.thoughtco.com/command-economy-definition-4586459
Web ResultMar 4, 2019 · A command economy—or centrally planned economy—is a system in which the government controls all facets of the nation’s economy. All businesses and housing are owned and controlled by the government.
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Command Economy: Advantages and Disadvantages - Investopedia
https://www.investopedia.com/ask/answers/032515/what-are-advantages-and-disadvantages-command-economy.asp
Web ResultNov 22, 2022 · A command economy is one in which a centralized government controls the means of production and determines output levels. Command economies stand in contrast to free-market economies, those in...
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What Is a Command Economy? How Command Economies Work
https://www.masterclass.com/articles/command-economy
Web ResultJun 15, 2022 · Written by MasterClass. Last updated: Jun 15, 2022 • 3 min read. A command economy is part of a system in which the government controls the production and prices of the economy. A command economy is the main alternative to the decentralized, market-based systems in capitalist societies.
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Command economy - Economics Help
https://www.economicshelp.org/blog/glossary/command-economy/
Web ResultA command or planned economy occurs when the government controls all major aspects of the economy and economic production. In a command economy, it is the government that decides what to produce, how to produce goods and how to distribute goods and services within the economy.
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Command and market economies - Khan Academy
https://www.khanacademy.org/economics-finance-domain/macroeconomics/macro-basic-economics-concepts/macro-scarcity/v/command-and-market-economies
Web ResultLearn about about two types of economies: command and market. In a command economy, the government controls everything, like factories and farms. In a market economy, businesses and people decide what to make and buy. Most countries have a mix of both, called a mixed economy.
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Command Economy | SpringerLink
https://link.springer.com/referenceworkentry/10.1057/978-1-349-95189-5_170
Web ResultJan 1, 2018 · The concept of a ‘command economy’, a construct in the theory of comparative economic systems, is defined, and its origins, characteristics, and consequences for any society in which it is implemented are explored.
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