What is a Command Economy? (Easy Explanation)
4:37
YouTubeHelpful Professor Explains!
What is a Command Economy? (Easy Explanation)
Command economy is an economic system where the government controls production, distribution, and pricing of goods and services. Decisions are centrally planned rather than determined by market forces. Examples include the former Soviet Union and modern North Korea.
2.9K viewsMar 14, 2025
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