ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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USA
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Cuba
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France
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Afghanistan
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Detailed explanation-1: -The economy of Cuba is a mixed command economy dominated by state-run enterprises. Most of the labor force is employed by the state.
Detailed explanation-2: -Understanding Command Economy. Cuba, North Korea, and the former Soviet Union all have command economies. China maintained a command economy until 1978 when it began its transition to a mixed economy that blends communist and capitalist elements. 1 Its current system has been described as a socialist market economy.
Detailed explanation-3: -Cuba’s government consists of a one part communist state. Therefore, the economy of Cuba is a largely state-controlled, centrally planned economy overseen by the Cuban government. These economies are called command economies, where supply and price are regulated by the government rather than market forces.
Detailed explanation-4: -Belarus. Cuba. Iran. Libya. North Korea. Russia.