The type of economic system that has the highest level of government control is a command economy or centrally planned economy. In this system, the government takes control of all economic decisions, including the allocation of resources, production, and distribution of goods and services. The government sets prices, determines production targets, and assigns jobs and roles to individuals.
The economic system with the highest level of government control is a command economy, also known as a centrally planned economy. In this type of system, the government plays a central role in making decisions regarding the production, distribution, and allocation of resources. The government owns and controls most, if not all, of the means of production, and sets prices and wages. Examples of countries that have or had command economies include the former Soviet Union, China under Mao Zedong, and Cuba under Fidel Castro.
