com·mand e·con·o·my
noun
a command economy.
State capitalism. Not Communism, which has no government and no wages system.
The US of A has a mixed economy - a combination of market economy and command economy.
Itβs called capitalism: class ownership, wages system, production for sale.
Socialism
a command economy.
State capitalism. Not Communism, which has no government and no wages system.
In which type of government are the wages of workers decided based upon the amount of effort from each worker?
In which type of government are the wages of workers decided based upon the amount of effort from each worker?
The US of A has a mixed economy - a combination of market economy and command economy.
In which type of government are the wages of workers decided based upon the amount of effort from each worker?
In a command economy, which is controlled by a central, often authoritarian government, all forms of private ownership of property is prohibited. This is to avoid the nation's wealth accumulating in the hands of a few. Also prohibited is private investment and return.
Itβs called capitalism: class ownership, wages system, production for sale.
In a socialist society, various political systems may be combines with public control of the economy.
Socialism
Socialism
Socialism