Economy
Command economy
It is an economicsystem in which the cAncommand economy is aneconomic systemin whichthestateorworkers' councilsmanagetheeconomyentralgovernment makes alldecisions on the uctionand consumption of goods and services
and formulates all decisionsabout their use and about thedistribution of incomeIts mostextensive form is referred toas a
command economy
,
centrally plannedeconomy
, or
command andcontrol economy In
sucheconomies,central economic planningbythestateorgovernmentis so
extensive that it controls allmajor sectors of the economy
of 00
Traditional Command Market Economies
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| Upload Date: | 10/16/2009 |
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