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2 days ago · The official view was that the Soviet national income was about 64 percent of the U.S. level in 1988. Gorbachev, in a speech in October 1990, implied that the real figure was about 40 percent. Another estimate put the real level at about 46 percent in 1970, declining to 40 percent in 1987.
- The Brezhnev Era
Soviet Union - The Brezhnev era: The new collective...
- The Brezhnev Era
Aug 27, 2024 · A command economy is a system in which a central government makes all economic decisions. Either the government or a collective owns the land and the means of production. This central authority typically determines what goods should be produced, how much should be produced, and the prices at which the goods are offered.
- Kimberly Amadeo
Aug 21, 2024 · A command economy is a system where the government decides goods production, process, quantity, and price in a country. In this system, the government also manages income and investments. Communist nations like the former Soviet Union, Cuba, and North Korea work according to this system.
3 days ago · A command economy is a type of economic system in which the government is the sole controller of most aspects of the economy. This includes setting prices, allocating resources, and dictating production levels. In a command economy, the government is able to control economic outcomes directly.
- A command economy aims to achieve specific economic goals, such as maximizing production or ensuring that all citizens have access to essential goods.
- In a command economy, prices are not determined by supply and demand. Instead, they are set by the government.
- There is no one-size-fits-all answer to this question. However, in general, a command economy is likely to be less efficient than a market economy.
- The government controls a command economy, while the workers control a socialist economy.
- No, a command economy is not the same as a centrally planned economy. In a command economy, businesses are directed to produce specific goods, whil...
Aug 18, 2024 · The economic system determines how we answer all three questions. For example, under a free market economy, market mechanisms – demand and supply – decide what we produce, how to produce, and how to distribute it. In contrast, the government is ultimately in charge under a command economy. The government regulates, starting from determining ...
4 days ago · Tactical Decision Making Process. Making effective tactical decisions involves a structured approach to ensure you address issues efficiently and achieve desired outcomes. Here’s a detailed look at each step in the tactical decision-making process: Step 1: Identify the problem. Start by clearly defining what the issue is.
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Aug 28, 2024 · In a true communist economy, the community makes decisions. In most communist countries, the government makes those decisions on their behalf. This system is called a command economy.
