In a command economy, the government controls the factors of production such as land, labor, and capital. The government determines what products will be produced and what prices will be set for them.

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 ...

But the centralization of policy in the president would be something different: more like a command economy, which in the United States might be called command capitalism. That Mr. Trump likes ...

Using Russia as a case study, help students examine the real-world struggles of converting from a command economy to a market economy. Begin by defining the terms "command economy" and "market ...

Command and mixed economies are two different economic systems. The command economy is at one extreme of the economic spectrum while a free market economy is at the other. A mixed economy falls in ...