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28 February, 13:49

Which economic system has become associated with authoritarian governments and total control of the economy?

capitalism

mercantilism

communism

socialism

barter

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  1. 28 February, 15:09
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    Mercantilism and barter are better described as historical economic systems, and in the past the governments and the kings/queens generally kept a closer control of the country, so let's not consider those options.

    Now, we have: capitalism, communism, socialism.

    Capitalism leaves the capital and the economic decisions in the hands of the private people, not the government. Socialism means a common possession of the means of production, but not by the govrenments, rather by the people, as is often seen as a milder form of communism.

    Communism on the other hand is associated with authoritarian governments. Some example were the Soviet Union, and currently, North Korea and Cuba.
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