Command+Economy


 * COMMAND ECONOMY**

A command economy is where resources are owned and controlled by the goverment. Some of the pros are the government elimantates all private property and distrributes goods equally. Provides equal health care and educational oppurtunities. Since the governement controls all major companies if there is a problem they can fix it quickly or shift to a different area. They are also very stable and will never have a sudden depression. The cons are they have very little freedom and people do not get to decide their career, they have no control over the goods they recieve and their is little focus on cosumer wants.

Through a command economy the government produces food products, vehicles, houses, and will decide how much of the resources will be used for capital resources including machinery, equipment, and factories.

The needs and wants to satify the goverment may decide to build a superior military or world class education system and may decide to spend money to research new technologies, or to build houses for the poor.

Examples of a command economies are in China, Cuba, North Korea, and Iran.