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Members
1.Nikki Cheng Li Shan
2 . Ta n g J i e Yi
3 . M a s o n Ye o h
4 . I v a n Po r
5. Isaac Huang
Total Command
Economy Countries
~ N o r t h Ko re a
~Cuba
~Burma
~Laos
~Libya
~ Tu r k m e n i s t a n
~United States
~ Fr a n c e
~Germany
~Italy
~United Kingdom
~ H o n g Ko n g
~Malaysia
~Singapore
L a i s s e z Fa i r e C o u n t r i e s
~Switzerland
~Sweden
~New Zealand
~Iceland
~Ireland
Advantages of Command
Economy
1.Command economies can prevent mass
unemployment
Example
In the year 2000 of Cuba, public sector
employment was 76% and private sector,
mainly composed by personal property,
employment was 23% compared
to the 1981 ratio of 91% to 8%
Advantages of Command
Economy
2. Enables the government to overcome inequality and create a
society that maximises social welfare rather than maximises
profit.
Example
Burma embarked on a major policy of reforms including anticorruption, currency exchange rate, foreign investment laws
and taxation.
Advantages of Command
Economy
3. The country is able to provide every citizen a job.
In a total command government, they give various careers to
the people, ranging from agriculture, professions and business
careers.
In Conclusion..
People are equal.
Every citizen can keep a job
There is an internally stable
economic system
Strong social communities are established
Efficientdistributionof resources.
Competitiondoesn't exist