http://www.differencebetween.net/business/difference-between-free-market-economy-and-command-economy/ WebThey tend to get more inequality (a class structure on how pro-government you are) and worse poverty (often mocked for not being able to feed people while market economies …

Political Economy: Types of Economies SparkNotes

WebCommand economy, also referred to as planned economy, is an economic system wherein a central authority controls the quantity of products to be produced as well as other economic activities of a nation, including the prices of commodities. This is the economic system followed by most communist societies like China, North Korea and Cuba. Webcommand economy, economic system in which the means of production are publicly owned and economic activity is controlled by a central authority that assigns quantitative … ed\u0027s red

Command Economy: Advantages and Disadvantages

WebThe Nazi economy has been described as dirigiste by several scholars. Overall, according to historian Richard Overy, the Nazi war economy was a mixed economy that combined free markets with central planning; Overy describes it as being somewhere in between the command economy of the Soviet Union and the capitalist system of the United States. WebA command economy is also known as a centrally planned economy because the central, or national, government plans the economy. Generally, communist states have command economies, although China has been moving recently toward a capitalist economy. ... that the government literally collapsed in 1990–1991. North Korea’s command economy … ed\u0027s push