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 U.S. today carries elements of a command economy, such as subsidies of some essential products and welfare programs for the poor. What Are the Advantages of a Market Economy? In a market ...

"You cannot compare apples with pears," another expert pointed out, citing the enormous size of the Chinese economy among the other factors that had contributed to reducing poverty in the world's ...