Command Economy

Examples of Command Economy in the following topics:

• The Communist Economic System

  • The former USSR (or Soviet Union) is the typical example of a communistic, command economy.
  • Today, China is seen to be more of an authoritarian capitalist rather than communistic command economy.
  • An economy characterized by Command Planning is notable for several distinguishing features:
  • Often a currency does not exist in a command planning economy and when it does, its main purpose is for accounting.
  • Explain how a communist economic system is representative of a command planned economy

• Socialism and Planned Economies

  • A planned economy is a type of economy consisting of a mixture of public ownership of the means of production and the coordination of production and distribution through state planning.
  • Economic planning in socialism takes a different form than economic planning in capitalist mixed economies.
  • Enrico Barone provided a comprehensive theoretical framework for a planned socialist economy.
  • The command economy is distinguished from economic planning.
  • Most notably, a command economy is associated with bureaucratic collectivism, state capitalism, or state socialism.

• Back to basics: the ten commandments of business success

  • One of the better ways to understand the importance of customers is the ‘10 Customer Commandments' list, which can be traced back to Mahatma Gandhi who reportedly taught them to his law clerks.

• Mixed Economies

  • A Mixed Economy exhibits characteristics of both market and planned economies, with private and state sectors providing direction.
  • A mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies.
  • Most mixed economies can be described as market economies with strong regulatory oversight, in addition to having a variety of government-sponsored aspects .
  • Economies ranging from the United States to Cuba have been termed mixed economies.
  • Outline the plan behind and what governments provide in a mixed economy

• Line Structure

  • The line structure model of organization is a direct linear relationship of command and deference between superiors and their subordinates.
  • An example of a "line relationship" (or chain of command in military relationships) in would be between the manager and the two supervisors.
  • An example of a "line relationship" (or chain of command in military relationships) in this chart would be between the manager and the two supervisors.

• Economic Indicators

  • Economic indicators are key statistics about diverse sectors of the economy that are used to evaluate the health and future of the economy.
  • An economic indicator is a statistic that provides valuable information about the economy.
  • If such a leading indicator rises, the economy is likely to expand in the coming year.
  • If it falls, the economy is likely to slow down.
  • If the average numbers of hours is on the rise, the economy will probably improve.

• Industrial Purchasing Behavior

  • As Adam Smith noted, having money gives one the ability to "command" others' labor, so purchasing power to some extent is power over other people, to the extent that they are willing to trade their labor or goods for money or currency.
  • This opens up the question about the possibility of cornering one of the markets for strategic commodities that are fundamental to all economies around the world.

• The Disadvantages of Mixed Economies

  • The disadvantages of mixed economies can be understood through examining criticisms of social democracy.
  • One disadvantage of mixed economies is that they tend to lean more toward government control and less toward individual freedoms.
  • While most modern forms of government are consistent with some form of mixed economy, given the broad range of economic systems that can be described by the term, the mixed economy is most commonly associated with social democratic parties or nations run by social democratic governments.
  • In contemporary terms, "social democracy" usually refers to a social corporatist arrangement and a welfare state in developed capitalist economies.
  • Examine the criticisms of social democracy as a vessel to understanding the disadvantages of mixed economies.

• The Benefits of Mixed Economies

  • The US economy is best described as a mixed economy, because even though it strongly advocates free market principles, it relies on the government to deal with matters that the private sector overlooks, ranging from education to the environment.
  • This security helps maintain a stable economy.
  • The elements of a mixed economy have been demonstrated to include a variety of freedoms:
  • taxes and fees written or enforced with manipulation of the economy in mind
  • Outline the characteristics of a mixed economy that help to maintain a stable economy

• Major Historical Developments in the Global Economy

  • The development of a global economy includes important highlights to understand when considering its current framework.
  • The development of this global economy has included a number of crucial highlights important to understand when considering the current framework of the global economy.
  • In many ways, this international competitive advantage in industry led the US to become the largest worldwide economy.
  • Synergy in a globalized economy is well supported by those EU initiatives.
  • Outline the trajectory of the development of the current global economy, specifically in the context of major historic developments