Examples Of Communist Economies
September 23, 2022 ⚊ 1 Min read ⚊ Views 102 ⚊ BLOG
Communist economies are those where the government controls the economic and social conditions. The state determines the level and proportion of inputs, and it regulates prices. Most of the country’s outputs are derived from the state’s investments. The government also sets goals and output targets, and local planning authorities implement these plans with state-owned enterprises.
Tags: Curves in economics
