Command economy

A single government that controls the society and the economy. the government determines what goods and services to produce and how to produce them.They also decide how much they cost. Advantages to having a communist government: Full employment, no economic recessions, Greater income quality, Greater income security.Disadvantages: lower standards of living, low quality goods and services, slower or stagnant economic growth, insufficient use of factors of production.

Main factors: Public ownership of the means of production, Little or no competition among producers for customers.

Once a national government becomes communist, it is hard to get a change in government, unless there is an uprising then a nation is basically stuck for a while.