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Which countries have a command economy?

In a free-market system, private enterprises set production and price levels based on demand. Cuba, North Korea, and the former Soviet Union all have command economies. China maintained a command economy until 1978 when it began its transition to a mixed economy that blends communist and capitalist elements.

What is a command economy?

In a command economy (also known as a centrally planned economy), the central government controls all major aspects of a nation's economy and production. The government, rather than the traditional free market economy laws of supply and demand, mandates which goods and services will be produced and how they will be distributed and sold.

Would a pure command economy government control everything?

And so a pure command economy government would control everything, pure market economy, you would have very little that's controlled by the government, but the reality in most of the world, things fall in this mixed economy spectrum.

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