Definition of a command economy
[DOCX File]Weebly
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In a command economy, the government answers the three basic economic questions. The government prepares detailed plans about what to produce, how to produce it, and for whom to produce it. Historically, China, the former Soviet Union, and Eastern Europe relied on command economies.
[DOCX File]Types of Economy- Mobile Classroom.docx
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• Command Economies (page 35) A central authority, generally a government, makes the major economic decisions in a . command economy. The central authority expects people in the society to go along with its decisions. A command economy can change its focus in a short period, depending on whatever the government calls for at any time.
[DOC File]Economic Systems and Theories
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What are some characteristics of a command economy? Why can it be said that the U.S. has a mixed economy? In a market, command and traditional economy, how are the Three Questions answered? What are the four roles of government in an economy, and examples of each (2.3). What is the definition of productivity, and what makes productivity increase?
[DOC File]DCC Economics
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Mixed Economy. A mixed economy is an economy that has a mix of characteristics essential to disparate economic systems. It is usually defined as an economy that contains both private-owned and state-owned enterprises or that combines elements of capitalism and socialism, or a mix of market economy and command economy characteristics.
[DOC File]Types of Economic Systems
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Communism/Command Economy-(definition) Laissez Faire-(definition) Capitalism/Market Economy-(definition) Socialism-(definition)-FISCAL POLICY(Controlled by Government) CH 9: The Purpose of Fiscal Policy-CH 9: The Main reason the Government collects Taxes-Sales Tax-List 2 Major ways Government can “stimulate/expand growth” of the economy:(CH 9)
Command Economy Definition
Mixed Economy. Definition: An economy with both elements of a market and a command economy. People can sell their own goods based on supply and demand, but the government sets certain rules and regulations. Example: The United States is a mixed economy. Business owners can choose what type of business they’d like.
[DOC File]Study Guide chapter 2 - PC\|MAC
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COMMAND ECONOMY: _____ _____ Definition: Directions: Use the definition to decide which type of industry each job is: Primary, Secondary, Tertiary, or Quaternary ; 11. In China, processing computer chips is a common factory job. Which type of industry is this? ...
[DOC File]Purpose of Government Lesson - World History
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Command economy. An economic system in which the government owns and operates the factors of production. Socialism Communism Cuba China Laos 3) Traditional economy. An economic system based upon customs and traditions. Economy is based upon agriculture and hunting. Non-Industrialized Agrarian societies Chad Haiti Rwanda 4) Mixed economy
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