Command+Economy

= **COMMAND-** = An economy where supply and price are regulated by the government rather than market forces. =How does a command economy answer the 3 economic questions?= What to produce? -foods, cars, housing, jobs How to produce? -By the necessities of what the people need. wants/needs to produce- whatever the government decides on =Characteristics:= collectivism, communism, socialism, planned, centrally planned, public enterprises, wealth equality, government intervene, security, economic stability, cooperation, and society  =Pros/Cons:=
 * Cons:** Personal economic freedom is limited
 * Pro: can build world class education**
 * pro: build world class military**
 * con:government officials can assign carers**
 * con: be assigned to specific goals.**
 * pro: build housing for the poor**

=Examples:= North Korea, Former Soviet Union, China, and Cuba