EXPLANATION. A planned economy, or a command economy, involves near-total government control of industries, commerce, manufacturing, output and economic activity. Answer Comment. Communism Vs. Socialism. Which nation has a communist command economy? As dictators feel they have the right to do anything, they do whatever they desire. Both socialism and communism are types of a command economy. During the time of the Soviet Union (1922–1991), communist countries could be found in Eastern Europe, Asia, and Africa. : We trust that Russia will not revert to a … Every citizen, however, must do his or her part for the economy to receive pay and other work benefits. In this system, the government also manages income and investments. Examples of Command Economy. In a true communist economy, the community makes decisions. Norway North Korea South Korea the United States The state controls all means of production, and the government sets priorities and emphases in economic development. Communist command economies can wholly transform societies to conform to the planner's vision. Even though communism seems to limit the rights of a lot of people, it does seem like it works in some cases. While command economies are typical of both communism and socialism, the two political ideologies apply them differently. Both forms of government own and control most industries and production, but socialist command economies do not attempt to control the peoples’ own labor. The main difference is that under communism, most property and economic resources are owned and controlled by the state (rather than individual citizens); under socialism, all citizens share equally in economic resources as allocated by a democratically-elected government. Harrison, M (2017b), “Foundations of the Soviet Command Economy, 1917 to 1941,” in S Pons and S Smith (eds), The Cambridge History of Communism, vol. North Korea, Cuba and Zimbabwe are countries that have planned economies. jwen jwen Answer: Any communist society is a key feature of command economy. The only country in the world today with a pure command economy is North Korea. The model of the command economy has been thoroughly discredited because bureaucrats have been even worse at allocating resources than business managers. A command economy tends to exist under a socialist government that provides a lot of regulation. Which nation has a communist command economy? North Korea A mixed market economy tends to exist under a democratic government that provides some regulation. In a communist command economy, workers are employed by the state. Key Factors in a Command Economy. China etc are/were state capitalist, which is quite different. Which of the following countries has a command economy? The command economy has state-owned entities as well as privately-owned entities, but both have a significant amount of control over government rules and regulations. The country of North Korea, officially known as the Democratic People’s Republic of Korea (DPRK), has an isolated and tightly controlled command economy. A command economy in which … 3,4. Which nation has a communist command economy? SURVEY . There is an internally stable economic system. Ungraded . In a communist economy, technological progress is usually slowed down. All other communist nations that had a planned economy such as Cuba or China have converted themselves into a mixed economy by opening up their markets to foreign trade and private sectors. Libya. Communist command economies can wholly transform societies to conform to the planner's vision. the government. A planned economy is where the big decisions are made at the centre by the government.. Which nation has a command economy a command economy 1 See answer jl198008 is waiting for your help. China’s Command Economy. for example Cuba, North, korea and former Soviet Union. answer choices The country's economic system based on the Command Economy rejects the existence of a free market because all of the economic aspects is centrally controlled by the government. The term command economy refers to an economy in which the government dictates the production, supply, and prices of goods and services. Command economy, also referred to as planned economy, is an economic system wherein a central authority controls the quantity of products to be produced as well as other economic activities of a nation, including the prices of commodities. The most important originators of communist doctrine were Karl Marx and Frederick Engels.Like the socialists before them, they wanted to end the … Communist countries have a command economy? Today, the existing communist states in the world are in China, Cuba, Laos and Vietnam. answer explanation . 3. answer choices . Communist countries usually have command economies. The state authority determines the types of goods and services to be produced and provided, as well as the quantity and prices that will be offered in the marketplace. A command economy that still allows private property and ownership is called. Communist command economy is one of the economic systems in the world. It seeks to lead the exploited classes to achieve communism. Norway. Prices, too, are controlled.In a command economy, these decisions … 1 answer: o-na [289] 1 year ago. In most communist countries, the government makes those decisions on their behalf. : Communism was a formidable foe, administered by a one-party authoritarian state apparatus, and lodged in institutions and practices of its centralized command economy. And the degree of regulation and control the government has on the economy determines whether the economy can be termed as a command economy or free-market economy. Explanation: 1. whereas a command economy necessarily has substantial public ownership of industry while also having this type of regulation. Slow technological progress. Answer to: Which nation has a communist command economy? Transition economies. In a command economy, the economy is centrally planned and coordinated by the government. Belarus: This former Soviet satellite is still a command economy.The government owns 80% of the country's businesses and 75% of its banks. Generally, communist states have command economies, although China has been moving recently toward a capitalist economy. N Korea. answer choices . 3 0. Which nation has a communist command economy. This would all be determined by the government. There is no competition in this type of economy. The government also oversees investments and incomes in a command economy. Command economies are a feature of Communist nations. Nations that have this type of economy include: Belarus. Cuba. You might be interested in. Russia's new economy has also created a wide gap between rich and poor. Command economies were often associated with the political system of Communism. OpinionFront will explain the differences between these two types of economies along with their advantages and … whereas a command economy necessarily has substantial public ownership of industry while also having this type of regulation. A communist nation like the former Soviet Union, Cuba, and North Korea work according to this system. Since 1954, economic policy has been promulgated through a series of national economic plans. A mixed market economy tends to exist under a. democratic government that provides some regulation. Even though communism seems to limit the rights of a lot of people, it does seem like it works in some cases. Iran’s economy is an unusual case of command economy. In a command economy, the central government planning office determines production, distribution, and pricing. d. India. Market economies have six defining characteristics which enable them to exist and function properly: The correct answer is 2. The Chinese Communist Party remains in power, presiding over a largely capitalist system, though state-owned enterprises continue to form a large part of the economy. A command economy in which the government controls everything is called . Command markets often have the following elements in common. 2. Traditionally, the type of economy has also determined the political and social landscape of a nation. 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