Communism

Economy: Command

Description of government

The government owns and makes all the decisions concerning the economy, holds all political power, and determines the distribution of goods and services.

Example

A country that has this government is Cuba.

Types

"Socialism" is sometimes used interchangeably with "communism" but the two philosophies have some stark differences. Most notably, while communism is a political system, socialism is primarily an economic system that can exist in various forms under a wide range of political systems.

Command

Description

command economy - production of goods and services is determined by a central government, which usually owns the means of production. Production does not necessarily reflect the consumer demand.

Command

Decisions

The central government make the decisions.