. This economic system is characterized by a high-level of government interference. Workers had no choice over what jobs they wa
nted to work; they were assigned jobs by the government which controlled nearly every aspect of the economy. There is no competition between producers; there is no incentive for workers to do a better job for better pay. Often times there are severe shortages and products are often very low quality. What is this economic system?:options:
Nazism
Natural gas has a multitude of industrial uses, including providing the base ingredients for such varied products as plastic, fertilizer, anti-freeze, and fabrics. In fact, industry is the largest consumer of natural gas, accounting for 43 percent of natural gas use across all sectors.
Communism This is an example of central planning in which everything is directed by the government. These types of economies tend not to do well because as the question states the incentive for individuals is taken away.
