In this type of economic system the government controls all aspects of the economy and makes it all decisions about what goods will be produced, who will produce them, and how they will be produced

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Social Studies

Lilly Franco

29 March, 12:12

In this type of economic system the government controls all aspects of the economy and makes it all decisions about what goods will be produced, who will produce them, and how they will be produced

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Amara Greene · Answer 1

Answer: Command Economy

Explanation: In a command economy, the government decides what goods and services to be produced, the supply that should be produced as well as the prices of goods and services. The government owns the industries that produces goods for the public and produces only goods that he believes are beneficial to the public. Example of countries where command economy is practiced is Cuba and North Korea.