Learn about the pros and cons of command economies and their impact on inequality, innovation, and efficiency. See how they ...

National economies can be run from the top down, so to speak, in what is sometimes called a command economy or they can be run from the bottom up in what is sometimes called a free market. In the ...

Market economies are driven by supply and demand, while command economies rely on government control of production and pricing. Compare the two.

This article covers 7 Command Economy Countries and 7 Others with Big Government Presence, offering detailed insights into the countries with centrally planned economies. You can skip our analysis on ...

Economic systems are defined by the method that a nation uses to allocate its goods and services. These systems have varying degrees of government control, and range from free market economies to ...

Free enterprise and command economies are two opposing economic models that dictate the methods in which economic production and growth should occur within an economy. Free enterprise economies allow ...