Reviewed by Somer AndersonFact checked by Suzanne KvilhaugReviewed by Somer AndersonFact checked by Suzanne Kvilhaug A command economy is an economic system in which the government, or the central ...

How a command economy compares to a free market economy A command economy is one in which a centralized government controls the means of production. This has both advantages and disadvantages when ...

Using Russia as a case study, help students examine the real-world struggles of converting from a command economy to a market economy. Begin by defining the terms "command economy" and "market economy ...