command economies
Government controls everything
Command economies are economic systems in which a central authority—typically the government—makes major decisions about production, distribution, and pricing rather than letting markets determine them.
The Soviet Union operated a command economy, as does North Korea today.
The term often appears in contrast to market economies or mixed economies: Command economies struggle with innovation because there's no profit motive.
Run by government authority
- commissariatMilitary supply department
- collectivismGroup primacy doctrine
- statismDoctrine of governmental dominance
- dirigismeState-directed economic policy
Government acquisition of industry
- state-ownedBelonging to government
- collectivizationForced communal ownership transfer
- communeShared-living community
- expropriationGovernment taking private property
Collective ownership system
- socialismCommunal economic control
- Marxism-LeninismState-led revolutionary socialism
- MaoismPeasant-centered communist doctrine
- SovietOf the USSR
Stalinism · collectivism · proletariat · anti-capitalism · egalitarianism · Cuban
Fixed assigned amount
- rationingLimiting distribution during scarcity
- allocationDistribution of shares
- redistributionSharing out again differently
- shortageDeficient supply of necessities
input-output · hoarding · black-market · queue · scarcity · procurement
Private profit-based economy
- privatizationState sells public assets
- deregulationRemoving governmental business restrictions
- laissez-faireNoninterference in commerce
- competitionStruggle for supremacy
entrepreneurship · liberalization · perestroika · decentralization
state-controlled
Run by government authority
- commissariatMilitary supply department
- collectivismGroup primacy doctrine
- statismDoctrine of governmental dominance
nationalization
Government acquisition of industry
- state-ownedBelonging to government
- collectivizationForced communal ownership transfer
- communeShared-living community
expropriation · socialization · public-sector · cooperative · confiscation
communism
Collective ownership system
- socialismCommunal economic control
- Marxism-LeninismState-led revolutionary socialism
- MaoismPeasant-centered communist doctrine
Soviet · Stalinism · collectivism · proletariat · anti-capitalism · egalitarianism · Cuban
quota
Fixed assigned amount
- rationingLimiting distribution during scarcity
- allocationDistribution of shares
- redistributionSharing out again differently
shortage · input-output · hoarding · black-market · queue · scarcity · procurement
capitalism
Private profit-based economy
- privatizationState sells public assets
- deregulationRemoving governmental business restrictions
- laissez-faireNoninterference in commerce
competition · entrepreneurship · liberalization · perestroika · decentralization
command economiesfree markets
Commerce without state intervention
market economies · free enterprise · laissez-faire economics · capitalism · private enterprise
command economieslaissez-faire
Noninterference in commerce
free trade · economic freedom · privatization · anarcho-capitalism · voluntarism
command, economy, commands, commanded, commanding, commander, commanders, commandment, commandments