A command economy is one in which a centralized government controls the means of production. This has both advantages and disadvantages when compared to a free-market economy, in which supply and ...

The United States is considered to have a market economy, whereas countries like China and Cuba are mixed economies with more command economy tendencies. The advantages of a market economy include ...

After viewing, ask students to share their observations. What advantages and disadvantages did Russians experience with a command economy? With a market economy? What characteristics of a market ...