In a command economy, it is the government who decides on the production of goods and services and sets the price for these goods. Both communist and socialist countries make use of command economy. Even when there is some form capitalism in the country, it is still heavily regulated by government.
A Socialist government with a command economy can manage its economy by fixing the prices of the goods on the basis of supply and demand. It can also be done prohibiting the competition within the private sector by securing the set prices and production of the company.
Further Explanation:
Command economy is described as an economy where government have the total authority to take decisions related to the economy of the country. Government decides that how much goods will be produced and at what price it will be sold. It also has control over the investment and income. Sometime command economy is also recognized as planned economy with its government as its central planner. Private proprietorship, labor and capital are either missing or sprucely limited, So as to support central economical plan. A command economy handles an oligopoly business to meet the objectives of national economy
Mobilization of economic resources takes place on large scale. They aren't affected by legal action and can execute massive projects, industrial power projects to meet social demands without any hindrance. On the other hand it has a negative impact that it knocks down other societal needs and leads to the development of shadow economy or black market.
Cuba, North Korea, former Soviet Union and China are some countries to have followed command economy.
Learn more
1. The goal of a command economy is to?brainly.com/question/1362251
2. Which of the following is not an advantage of a free market economy?brainly.com/question/1165126
Answer Details:
Grade: High school
Subject: History
Chapter: Command Economy
Keywords: command, economy, central planner, Private, proprietorship, labor, capital, sprucely, limited, oligopoly, shadow economy, black market.
Frederick Mario Fox Sr., a 56-year-old black man, died Friday, April 8, after he was shot in the 1500 block of East Rosecrans Avenue in Compton, according to Los Angeles County coroner’s records.
Around 9:30 p.m., Los Angeles County Sheriff’s Department deputies were flagged down by a passerby, who reported that a man was down in the middle of Lueders Park near East Rosecrans Avenue and North Bullis Road, said Lt. Steve Jauch.
The deputies found Fox lying in the grass with multiple gunshot wounds, Jauch said. No one reported seeing the shooting, he said, and there is no suspect information.
Fox was taken to a nearby hospital where he was pronounced dead at 9:50 p.m., according to coroner’s records.
Answer:
There was a man who was called Frederick Mario and he was actually shot and was dead on the grass.
Answer: Alexander’s conquests led him to invade Asia Minor
The answer really depends on whether the farmer is also the landlord or only a worker in the fields, and bearing in mind that the question refers only to Chavez’ reforms, not what is now called Chavismo, that is to say, the rule of President Maduro.
If the first, then there are chances that the landlord would feel threatened about the fact this his land could be —although not necessarily— appropriated by the State, but also, he might feel relieved to learn that his land could be more productive since there would be a lot more subsidies for farming since the oil revenues of the country would again be in the hands of the State.
If it is the second possibility, the farmer most likely would feel relieved altogether since subsidies to labor power and farming would mean greater income and better living conditions for him and his family.
Answer:
Like many farmers and laborers, I likely would support the changes that Chávez brought about because they helped Venezuela’s poor. As president, Chávez introduced education, healthcare, and labor initiatives to improve the quality of life for the lower classes of Venezuela.
Explanation:a