Which type of economic system has the highest level of government control
A command or planned economic system has the highest level of government control. In this system, the government owns and controls a majority of the resources and industries, and makes all the decisions regarding production, pricing, and distribution of goods and services.
The type of economic system that has the highest level of government control is a command economy, also known as a centrally planned economy. In this type of system, the government determines what goods and services are produced, how they are produced, and how they are distributed. The government also sets wages, prices, and decides on investment plans. Examples of countries that have or had command economies include the former Soviet Union and North Korea.
The economic system that has the highest level of government control is known as a command economy or a centrally planned economy. In this type of system, the government has complete control over the allocation of resources, production, and distribution of goods and services. The government makes all economic decisions, such as what goods to produce, how much to produce, and at what prices they should be sold. To determine this, the government usually establishes a central planning authority, which develops detailed economic plans and sets targets for the economy.
To find this information, you can start by researching different types of economic systems and their characteristics. Look for terms such as command economy, centrally planned economy, and government control over the economy. Reliable sources such as textbooks, academic journals, and reputable economic websites can provide you with in-depth explanations and analysis of various economic systems and their level of government control. Additionally, you can also compare different countries and regions to see how they are categorized in terms of their economic system.