Command Economy Flashcard

Front

Who makes all the decisions in a command economy?

Back

The government

Front

What is a characteristic of state-owned enterprises in a command economy?

Back

They dominate the economy

Front

What is often lacking in command economies?

Back

Consumer choice and innovation

Front

What type of plans are set in a command economy for economic development?

Back

Five-year plans

Front

What do command economies prioritize alongside rapid industrialization?

Back

Social welfare