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Which economic system has become associated with authoritarian governments and total control of the economy?

capitalism
mercantilism
communism
socialism
barter

User Shekwi
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4 votes

Answer:

Mercantilism and barter are better described as historical economic systems, and in the past the governments and the kings/queens generally kept a closer control of the country, so let's not consider those options.

Now, we have: capitalism, communism, socialism.

Capitalism leaves the capital and the economic decisions in the hands of the private people, not the government. Socialism means a common possession of the means of production, but not by the govrenments, rather by the people, as is often seen as a milder form of communism.

Communism on the other hand is associated with authoritarian governments. Some example were the Soviet Union, and currently, North Korea and Cuba.

Step-by-step explanation:

User Meepzh
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7.5k points
4 votes
Mercantilism and barter are better described as historical economic systems, and in the past the governments and the kings/queens generally kept a closer control of the country, so let's not consider those options.

Now, we have: capitalism, communism, socialism.

Capitalism leaves the capital and the economic decisions in the hands of the private people, not the government. Socialism means a common possession of the means of production, but not by the govrenments, rather by the people, as is often seen as a milder form of communism.

Communism on the other hand is associated with authoritarian governments. Some example were the Soviet Union, and currently, North Korea and Cuba.
User Sunil Pachlangia
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7.6k points