Question

In what type of economy does the government try to control all factors of production?

Answer 1

In what type of economy does the government try to control all factors of production?

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\omy of North Korea

RELATED TERMSCommand EconomyA command economy is a system where the government determines ...SocialismAn economic and political system based on public or collective ...Centrally Planned EconomyA centrally planned economy is an economic system in which decisions ...CapitalismCapitalism is an economic system whereby capital goods are owned ...Mixed Economic SystemA mixed economic system is one that features characteristics ...Market EconomyAn economic system in which economic decisions and the pricing