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the command economy
Transcript of the command economy
in 1917 and then later happend in China in 1949 communist goverments remain in five countries: China, Cuba, Laos, North Korea,
and Vietnam Cuba:A Communist Command Economy American companies invested heavily in cuban
sugar, tobacco, and fruit plantations Leaving many Cubans poor, and with little
access to education or medical care In 1958-59, Fidel Castro's communist forces overthrew the Cuban goverment and seized american owned businesses and property on the island To this day, Cubans aren't allowed into the U.S
and americans are not allowed into Cuba. They will also
not allow each others companies to trade or invest
in each others countries In Cuba, the government decides what to produce and how to distribute goods and services Even though they struggle without the American market, 95% of Cubans are literate, and many are skilled proffesionals However, they provide free education,
daycare and health care From there, communism spread to other countries But, the americans took all the profits Individual people aren't given many freedoms they are controlled by the government, for the greater good This map highlights the communist-ruled countries in red Five Economic Questions Who produces Goods and Services? The artists, farmers and construction workers all provide their goods or services according to what the government wants What Goods and Services are produced? The government examines the geography and needs of the area, and decides what goods or services a company should produce Asked about The Command Economy How are Goods and Services produced? The production strategy of the company is decided when the government studies all the options and chooses the one they thinks is best For whom are Goods and Services produced for? The government studies the information they know about the people and decide on companies to target their different needs How are Goods and Services distributed? Goods and services are distributed the way the government decides is best for the company By: Kyle, Karlie and Jakob