![]() ![]() Some examples include the former Soviet Union, China under Mao Zedong, and Cuba under Fidel Castro. Historically, many communist countries as well as socialist countries have had command economies. Whether or not they were able to achieve the goals for which they chose the command economic system.The impact on the lives of private citizens.What is prohibited in each of these command economy examples?.The disadvantages and advantages of a command economic system in these countries. ![]() East Germany (The German Democratic Republic)Īll the command economy examples mentioned above would be discussed by looking at their:.One of the goals of a command economy is to avoid the concentration of wealth and power in the hands of a few people who may own the capital or other factors of production. One thing to note about the examples of command economy countries mentioned here is that not all the countries have all the characteristics of a command economy for example, one country may have prices set by the government whereas another may not set prices but will instead decide on the allocation of resources such as land, capital, etc (factors of production). The government owns and controls the major industries, and decides what goods and services will be produced, how they will be produced, and for whom they will be produced. This type of system is often associated with totalitarian or socialist governments, where the state plays a large role in directing the economy and society. In a command economy, the government makes all economic decisions and regulates the means of production, distribution, and prices. A command economy tends to exist under a centralized government or authoritarian regime, where the government has a great deal of control over the economy and society.
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