Concept information
Término preferido
command economies
Definición
- In market economies, decisions about production, pricing, distribution, and investment are made by private owners of capital and are motivated by profit maximization. In command economies, by contrast, the state owns all productive assets and controls and directs the economy. [Source: Sociology of Work: An Encyclopedia; Command Economies]
Concepto genérico
Pertenece al grupo
URI
http://data.loterre.fr/ark:/67375/N9J-JVD897N8-7
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