Social Studies, 12.07.2019 08:00 dion27

Acommand economy tends to exist under a communist government that provides little regulation. democratic government that provides some regulation. representative government that provides no regulation. socialist government that provides a lot of regulation.

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Answer from: luisr0754

A command economy tends to exist under a socialist government that provides a lot of regulation.

In a command economy system central government controls the larger part of the economic system.

Further Explanation:Economic system of a country refers to the manner in which resources that are scarce are distributed within the economy of that country.Command economy This is a type of economy in which a centralized power controls the bigger part of the economic system.This type of economy creates a healthy supply of resources and rewards to people at prices that are affordable. Critical utilities such as aviation, railroads, etc. are owned by the government.Other types of economy systemMarket Economic system This is a free market economy in which households and firms determine how resources are allocated and what goods are produced and who the buyers are.There is a separation of the government and the market which prevents the government from becoming too powerful.Mixed economic system It is a combination of command economic system and market economy. The market in this case is less free of government with the exceptions of crucial areas such as defense and transport.This type of economic system incorporates capitalist and socialist policies.Traditional economic system It is a type of economic system where a surplus is rare since each member has a more specific role. They system is closely associated to land through farming.These type of economic system or societies are socially satisfied. However, this type of economic system lack access to technology and medicine.

Keywords: Economic system, Command economy

Learn more aboutEconomic Types of economic system: Command economy:

Level; High school:

Subject: History

Topic: Economic system

Sub-topic: Command economy

Answer from: jdmXdude3140

A command economy tends to exist under a socialist government that provides a lot of regulation. A country which based on the Command Economy rejects the existence of a free market because all of the economic aspects are centrally controlled by the government.

EXPLANATION

The command economy is an economic system where the government determines all aspects of the economy such as what goods must be produced, how much to produce, and the price at which goods are offered for sale. This system clearly rejects the existence of a free market. The command economy is a characteristic of the socialist/communist state.

North Korea, Cuba, and the former Soviet Union apply the command economy system. On the other hand, China, which is a communist country, does not implement a command economy, although it have used the command economy for several decades before finally switching to a mixed economy.

Here are some of the weaknesses of the Command Economy:

• Economic command in terms of providing incentives. The incentives are given to workers, planners, and managers in state-owned companies are very small.

• Rationally, Command Economic planning cannot determine the number of economic aspects such as the amount, proportion, and time of economic activity in all regions of the State without the existence of personal property or the operation of supply and demand.

Although the command economy has several weaknesses, adherents argue that their economic goal is to achieve equitable distribution and achieve social welfare rather than the profits of individuals who are glorified by capitalists.

LEARN MORE

If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:

• How did the fall of the Soviet Union affect Cuba’s economy?

KEYWORD: Economic Strategy, Socialist, Communist, North Korea, Cuba, China

Subject: Social Studies

Class: 7 - 9

Subchapter: Command Economy

Answer from: Quest

can you explain a little further maybe give multiple choice? ?

Answer from: Quest

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Acommand economy tends to exist under a communist government that provides little regulation. democr...