Command+Economy

= **COMMAND ECONOMY** =

=How does a command economy answer the 3 economic questions? the government will look at what resources they have and what goods they have and then decide.= = = =Characteristics: an economy run by government, they decide how resources will be used= = = =Pros/Cons: Con: there is no personal economical freedom, pro: resources can be sent anywhere the government wants, Con: Greed takes over and it's not spread out equally= = = =Examples: former USSR=


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