What is an example of a command economy?
Cuba, North Korea, China, Russia and Iran.are current examples of economies that are closest to perfect command economies.. An economy that is planned and controlled by a central administration, as in the former Soviet Union is a perfect example of command economy: Economy in which government planning dominates the direction of economic activity, and market forces are not allowed to do so to any considerable degree. Socialist and, especially, communist economies are planned economies, whereas capitalist economies are much less so.Geography. Command economy is a type of communist economic system, sometimes called a centrally planned economy, where the state controls macro-economic policy and entrepreneurial activity, but allows some freedom for economic decisions about employment and consumption at the household level. In other words, there is state control of the factors of production and centralized, state planning—what to produce, how to produce it, and who to produce it for—but with
