Which nation has a command economy?
Cuba
Norway
South Korea
the United States
Answers
Explanation:
★ Which nation has a command economy?
Cuba
Norway
South Korea
the United States
South Korea
The two major disadvantages of wind power include initial cost and technology immaturity. Firstly, constructing turbines and wind facilities is extremely expensive.
The second disadvantage is technology immaturity.
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.