In a command economy, a government body determines what products will be produced, how much will be produced, and what their prices will be. Most modern nations do not operate purely as command or ...

How a command economy compares ... In reality, no economy is purely free-market nor entirely controlled by a government. Modern economies exist along a spectrum with certain aspects favoring ...

Free enterprise and command economies are two opposing economic models that dictate the methods in which economic production and growth should occur within an economy. Free enterprise economies ...