Which Country Embodies The Best Modern Command Economy?

Which countries currently employ a command economy model? Most nations in the modern era maintain a mixed economy, characterized by a blend of government-controlled enterprises and private companies. This economic system combines aspects of both a command economy, where the government dictates production and distribution, and a free-market economy, where businesses operate based on market demand and competition. However, some countries lean towards a more command-based economic structure. Notably, North Korea, Cuba, and Belarus align closest with command economies as of March 29, 2023. In these countries, the state has significant control over economic planning, resource allocation, and production processes.

Is Vietnam considered a command economy? Vietnam operates under a communist state government system, where the president serves as the chief of state and the prime minister is the head of government. In terms of its economic structure, Vietnam has a mixed economy with elements of limited private freedom. However, the government exerts significant control over the economy, embodying characteristics of a command economy. This means that while there is a presence of private enterprises, the government plays a dominant role in overseeing and directing economic activities within the country.