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Command Economy

The person above was wrong... the correct answer is called communism... it's a not so lovely little thing I like to call " the government is stupid why are they in control". How's that for communism?

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βˆ™ 12y ago
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Q: What is a government controlled economy called?
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Related questions

What is an economy controlled by the government?

An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.


Is it a free market economy or a government controlled economy in haiti?

It is a controlled by the government


All productive resources are government owned an controlled under what kind of economy?

Under a planned economy, all productive resources are government owned and controlled. This type of economy is also called a command economy.


When prices and the quantity of goods produced are controlled by the government as in Cuba what is it called?

command economy


What type of economy is controlled by the government?

Command Economy


When prices and the quantity of goods produced are controlled by the government as in Cuba it's called a?

command economy


When prices and the quantity of goods produced are controlled by the government as in Cuba it's called .?

command economy


How was the economy controlled?

How an economy is controlled depends on what system that economy is following. And economy can be controlled by the relationship between supply and demand, or by government fiat, for example. It can also be controlled by a country's relationships with other countries.


When prices and the quantity of goods produced are controlled by the government as in Cuba it's called a blank?

command


Does russia have an economy controlled by their government?

YES


An economy where the government decides what to produce and how to produce it?

Controlled


How did the U.S. government change during the war?

it grew and heavily controlled the economy