QQuestionEconomics
QuestionEconomics
Which European country that we've studied is the closest to a pure command economy?
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Answer
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Step 1To solve this problem, I'll analyze the economic systems of European countries we've studied, focusing on the characteristics of a command economy.
Step 2: Define a Command Economy
A command economy is characterized by: - Central government control of economic production - Government determines production and distribution of goods - Limited or no private ownership of means of production - Economic decisions made by central planning authorities
Final Answer
Albania under Enver Hoxha's communist regime represents the European country closest to a pure command economy.
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