0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What countries have a communism economic system?
Individuals can work to make profits in the communistic economy of China, as example. However, the Communist Politburo of China makes all major economic decisions. Major means of production are controlled by the leaders of the communist party. No other party but the communist party exists in China.
What kind of economic system does a communist government have?
Communist governments use what is known as a command economy. In a command economy, the government owns everything, employs everyone, and makes all economic decisions.
Habit and custom determine economic activities in a?
Traditional Economy
Why is the US economic system called a mixed economy?
The characteristics of a market economy and command economy combine to form a mixed economy. It incorporates elements of both socialism and capitalism. In a mixed economy, state- owned enterprises and privately owned enterprises co-exist. The economic activities in such an economic system are controlled neither by the business entities that comprise market forces nor by the government. In a mixed economy, both of these come together and ensure economic development.
What controls the price of goods and services in the economic system of communism?
Economic activities in the communist system is controled by the public in the sense that the government tries to control all economic activities by setting up different organizations and sectors in order to provide social-economic demands to the public or citizen.
Which publicly controlled economy is the nearest a mixed economic system?
The publicly controlled economy which is the nearest to a mixed economic system is a socialist economy. The public will influence such an economy to a great extent.
What countries have a communism economic system?
Individuals can work to make profits in the communistic economy of China, as example. However, the Communist Politburo of China makes all major economic decisions. Major means of production are controlled by the leaders of the communist party. No other party but the communist party exists in China.
What kind of economic system does a communist government have?
Communist governments use what is known as a command economy. In a command economy, the government owns everything, employs everyone, and makes all economic decisions.
How was communism used in Soviet Russia?
The soviet union was the world's largest planned economy, where all aspects of economic life were controlled centrally from Moscow.
Habit and custom determine economic activities in a?
Traditional Economy
Why is the US economic system called a mixed economy?
The characteristics of a market economy and command economy combine to form a mixed economy. It incorporates elements of both socialism and capitalism. In a mixed economy, state- owned enterprises and privately owned enterprises co-exist. The economic activities in such an economic system are controlled neither by the business entities that comprise market forces nor by the government. In a mixed economy, both of these come together and ensure economic development.
What type of economic does Angola have?
Angola has a communist government and an oil and diamond economy.
What is is a major economic expense for Germany?
Upgrading formerly communist segments of the economy.
What controls the price of goods and services in the economic system of communism?
Economic activities in the communist system is controled by the public in the sense that the government tries to control all economic activities by setting up different organizations and sectors in order to provide social-economic demands to the public or citizen.
What is an economic system controlled by government?
Communist systems are typically ones in which the government has almost total control over the economy. Socialistic systems exert some governmental control. Pretty much every economy in the world is somewhat socialistic, however.
What publicly controlled economy is nearest to a mixed economic system?
socialism
Which publicly controlled economy is nearest to a mixed economic system?
Communism
