The Command Economy

By: Brianna Griffin

What is A Command Eonomy ?

An economy where supply and price are regulated by the government rather than market forces. Government planner decide which goods and services are produced and how they are distributed. The former Soviet Union was an example of a command economy.

Definition of Command Economy

Command economy is where the government decides on everything like how much money you get , prices on things and the investment and a example of command economy is soviate union because they decide on everything like the money and everything else.
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Advantages and Disadvantages

Advantages: Adjsuting the production rate and avalibility of completed goods, using production in controlling the entire course of the economy, responding easily on emergency and internal disaster, and inform the government about the needs and demands of people.

Disadvantages: A failure on coordination and misplaced incentives.

Are we command economy ?

Are we command economy ? No were not a command economy in the united states and we are not a command economy because we dont wont all the power going to just one person like for instance the president of the united states.
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sited work

"Soviet Union." (Location). N.p., n.d. Web. 18 Dec. 2014.

" Backup." : Types of Economies. N.p., n.d. Web. 18 Dec. 2014.

"What Is the Command Econmonmy - Google Search." What Is the Command Econmonmy - Google Search. N.p., n.d. Web. 18 Dec. 2014