Command/Centrally PlannedEconomies

Government ControlOf

Resources & Factors of Production

Command Econ

Government owns/controls all land, labor, resources

All decisions economically centrally controlled and made by government

Socialism- democratic means of distributing wealth/political equity-Centrally planned

Communism-All economic power /decisions made through authoritarian means. –Command economy- dictatorship-few freedoms for people

Communism

Karl Marx /Fredrich Engles/Vladimir Lenin Believed in socialism and advocated

violent revolution to bring about change Felt industrialized nations were divided

by social classes based on wealth Marx believed capitalist never allowed

wages to rise above the minimum standard for the workers to live on

Marx saw this a “class struggle”

Communism

Bourgeoisie- wealthy capitalists, anyone with wealth

Proletariat- workers and laborers Worldwide revolution by workers is the belief of

communism A dictatorship would ensue for a short period to

set up society Eventually all government would cease to exist All land, labor, products, etc,, would be equally

owned and distributed to all in society.

Soviet Union 1917-1991

Command Economy- Government 5yr plans

Agriculture- collective farms/quotas/ Millions died as result Industry-heavy industry/military goods/$

$$$$ Little to no consumer goods Quality and selection poor/ shortages Economy and people run into the ground