A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced, and the price at which the goods are offered for sale. It also determines investments and incomes.
Related Posts
Quotes on Finance
Finance, Money, Quotes / By Zaviad Team
Finance is a broad field that encompasses the study of both the management of money and capital markets. It can be divided into three distinct…
Consumer Purchase Funnel
Finance, Terminology / By Zaviad Team
The consumer purchase funnel is a useful tool for understanding how consumers move from interest to purchase. It is a process that starts with an…
Transaction Costs
Finance, Terminology / By Zaviad Team
Transaction costs are the hidden costs of doing business. They include things like waiting time, paperwork, and communication. Transaction costs can make it harder for…
Slippage (finance)
Finance, Terminology / By Zaviad Team
Slippage (finance) is the rate at which the value of a security or portfolio falls below its original price. This can be caused by a…