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A Command economy or Centrally planned economy is an economic system in which a central authority, usually a government, has the power and responsibility to make all economic decisions. Basically the government decides how to run the economy while the people do what the government tells them.

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rdfs:label
  • Command economy
rdfs:comment
  • A Command economy or Centrally planned economy is an economic system in which a central authority, usually a government, has the power and responsibility to make all economic decisions. Basically the government decides how to run the economy while the people do what the government tells them.
dcterms:subject
abstract
  • A Command economy or Centrally planned economy is an economic system in which a central authority, usually a government, has the power and responsibility to make all economic decisions. Basically the government decides how to run the economy while the people do what the government tells them.
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