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Which countries have a command economy?
Some examples of countries that have command economies are Cuba, North Korea and the former Soviet Union. A command economy is one where production and employment is largely dictated by a central authority, such as a national government.What is an example of a command economy?
In particular, who owns what and how does an economy decide what to produce and who gets the output of that production. So on one side, you have what's known as a command economy and good examples of command economies are the communist states, especially during the 20th century, The USSR, the Soviet Union being the best example of that.What does the government do in a command economy?
The government in a command economy owns all of the resources and means of production, such as land, factories, and businesses. It also sets prices for goods and services and determines how these things will be produced and distributed.