Economy, asked by 210628, 5 months ago

Which nation has a command economy?

Cuba
Norway
South Korea
the United States

Answers

Answered by MrVampire01
24

Explanation:

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★ Which nation has a command economy?

Cuba

Norway

South Korea

the United States

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South Korea

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The second disadvantage is technology immaturity.

Answered by bhuvna789456
6

Cuba is a nation which has a command economy.

Explanation:

A command economy can be explained as a form of economic structure where the factors of production are mostly and generally controlled by the government. It is primarily a political aspect of governance over economic production where the government generally controls and makes plans for allocation of resources. This is a model generally followed by communist nation-states.

Since Cuba is also another communist state, it is a good example of a command economy, where major industries are publicly owned and the government regulates the factors of production.

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