What is the command economic system?

A command economy is a system where the government determines what goods are to be produced, how much is to be produced, and the price at which the goods are offered for sale, rather than the free market. 

Investments and incomes are also determined. A key feature of any communist society is the command economy.

Countries use Command Economy:
A key feature of any communist society is the command economy.


Cuba, North Korea, and the former Soviet Union are examples of countries with command economies, while China maintained a command economy for decades before moving into a mixed economy with communist and capitalist elements.


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