What economy does The government has the right to own all land, buildings, and factories

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Kaya Armstrong

31 May, 00:09

What economy does The government has the right to own all land, buildings, and factories

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Elaina Moran · Answer 1

An economy in which the government has the right to own all land, buildings, and factories would be a "command" economy, since the government would then own and dictate all means of production in the area.