The economic system that has the most government control is commonly referred to as a command economy. In a command economy, the government makes all significant decisions regarding the production and distribution of goods and services.
In this system, the government often dictates what to produce, how to produce it, and who gets the products. This level of control can extend to setting prices and regulating employment. Countries that have operated under command economies typically include the former Soviet Union and North Korea.
The main objective of a command economy is to achieve specific societal goals, often prioritizing equality and the welfare of its citizens over profit. While this can reduce income inequality, it can also lead to inefficiencies as the lack of competition may result in poor-quality goods and limited innovation.