Answer:
- command economies
- mixed economy
- central economy
Explanation:
The communist countries have multiple characteristics that define them, and one of those is the command economy. This an economic type in which the government possess every business in the country and controls it, or they might be a very small private sector but it is obligated to serve to the central economy.
The command economy can come in two types. One of them is the centralized type, where the government runs all of the businesses in the country, thus having total control of the economy. The other one is the mixed type, where the government usually has in its control the natural resources of the country, but also allows private businesses to develop.
Term used for a situation in which paired-choice voting by majority rule fails to produce a consistent ranking of society's preferences for public goods is the paradox of voting.
The paradox of voting, also known as Downs' paradox, states that the costs of voting usually outweigh the expected benefits for a rational, self-interested voter. Because the likelihood of exercising the pivotal vote is negligible in comparison to any reasonable estimate of the private individual benefits of the various possible outcomes, the expected benefits of voting outweigh the costs.
Responses to the paradox of voting have included the belief that voters vote to express their preference for a candidate rather than to influence the outcome of the election, that voters exercise some altruism, or that the paradox ignores the collateral benefits associated with voting that are not related to the resulting electoral outcome.
Learn more about paradox of voting here:
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