In which economic system does the government assert the most control?
Planned economies contrast with command economies. A planned economy is “an economic system in which the government controls and regulates production, distribution, prices, etc.” whereas a command economy necessarily has substantial public ownership of industry while also having this type of regulation.Click to see full answer. Also, which economic system has the most government control?…
Planned economies contrast with command economies. A planned economy is “an economic system in which the government controls and regulates production, distribution, prices, etc.” whereas a command economy necessarily has substantial public ownership of industry while also having this type of regulation.Click to see full answer. Also, which economic system has the most government control? command Furthermore, which Cannot be done by the government in a command economy? Answer: In a command economy, the government can not establish means that will influence competition between companies. Explanation: In the planned economy there is no competition, and the only purpose of this system is to promote growth and collective well-being. Secondly, in which of the following economic systems does the government control the pricing of goods? A command economy is an economic system where the government has control over the production and pricing of goods and services. In a command economy, the government decides which goods and services to produce, the production and distribution method, and the prices of goods and services.What type of economic system would you label the United States and why?The U.S. is a mixed economy, exhibiting capitalism and socialism characteristics. Such a mixed economy embraces economic freedom when it comes to capital use, but it also allows for government intervention for the public good.
