Investopedia / Dennis Madamba A command economy is a key aspect of a political system in which a central governmental authority dictates the levels of production that are permissible and the ...

China was a command economy before turning to a mixed economy with both communist and capitalist ideals. A mixed economic system has features of both a command economy and a free-market system.

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 ...

What advantages and disadvantages did Russians experience with a command economy? With a market economy? What characteristics of a market economy have contributed to the divide between rich and poor?

A few weeks ago, a return to the Soviet era of a command economy, in which a central government owns and runs most businesses, would have seemed outlandish. But now? Maybe not so much. In response ...