Term
Amadeo 1 Characteristics
- The government creates a central economic plan for all the people of that particular region that uses this form of economy.
- The Command Economy starts with a five-year plan to set the overriding economic and the societal goals for all the people of the at region
- The Command Economy plans are brokening down to convert the goals into actionable objective.
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Definition
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Term
Amadeo 1 Characteristics
- The command economy controls all the resources according to the central plan.
- The people have no control over anything, but there lives.
- The people of this community have a hard way of finding or trying to make decisions about how they want they're community to be or what the rules they want to be made no way of having a voice in this type of community.
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Definition
- The government in the command economy eliminates unemployment by promising to use the people's of that nation skills and abilities.
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Term
Amadeo 1 Characteristics
- The government also controls the production of all the goods and services.
- No big corporations control anything in a command economy.
- In a command economy the government prices and set quotas for the all the goods and services.
- The central plan plays a big part in the command economy.
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Definition
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Term
Amadeo 1 Characteristics
- The economic growth in a command economy make sure the society of the people are good but to and extent.
- The government goal of a command economy is not a market economy that provides public assistant like Footstamps, Medicaid, Medicare, and other things that fit the people needs.
- A command economy gives the people enough food, housing, and other basic needs the people need.
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Definition
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Term
Amadeo 1 Characteristic
- The government owns the monopoly business which deals with vertical intergration and horizontal intergration.
- The government sets up specific goals for the people and for themselve.
- In a command economy people basically go to work then back home.
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Definition
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Term
Amadeo 1 Characteristic
- In a command economy their is basically no competition in these industries.
- The government make sure that the people are financially stable with includes making sure there utilites and automotives are paid if not they may go easy on the people who haven't paid.
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Definition
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Term
Amadeo 1 Characteristics
- In a command economy government creates laws regulations and directives to implement a central plan.
- Businesses in a command economy hires the targets according to the plan's production.
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Definition
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Term
Amadeo 2 Characteristics
- Some advantages of a command economy mobilizes economic resources quickly.
- In a command economy transforming socieyou to agree with government can be a problem because some people become violent.
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Definition
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Term
Amadeo 2 Characteristics
- In a command economy workers are often told what jobs they must fulfill.
- Some people of a command economy develop a black market or shadow market by selling thing the government don't know about.
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Definition
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Term
Amadeo 2 Characteristics
- Businesses in a command economy are discouraged from making any autonomous decisions.
- Most command economies are in a communist country because they enforce that form of government.
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Definition
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Term
Amadeo 2 Characteristics
- Businesses in a command economy are discouraged from making any autonomous decisions.
- Most command economies are in a communist country because they enforce that form of government.
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Definition
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