Command Economy
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Economic Growth
-Government indicates growth plan. -Assign quotas, theres little incentives and minimum efficiency.
Economic Efficiency
-Government owns all means of production Business not allowed to fail and they tend to be wasteful of natural resources.
Economic Equity
Wages are set by the government and wages are the same for each job. Cannot change jobs easily *caste system
Economic Freedom
Decisions made by the government. Little decisions, little options and lack of person choice for consumers.
Economic Security
Income, Housing,health care, education all provided by the government
Full Employment
Most classes have job-that may not be their choice.
Economic Stability
Prices are set by the government to make sure goods are sold.