What does a country have without businesses and corporations?

Question

Ah Ha, NOTHING. It is a backward country of peasants. Every body has to grow their own food. No specialization. Means like No. Korea. On the verge of mass starvation.

Answer 1

Well, it's called command or planned economy - efficiency of course could be lost a bit.

In theory it's possible scenario of closed planned economy too.

Answer 2

Hay you just described the future US culture .