Question

HELP PLS (economy on apex )
A command economy features:
A. The government placing some regulations on free businesses
B. The government directly controlling the production and sale of goods
C.private companies operating without government interference
D. People relying on customs to make economic decisions

Answer 1

An adequate definition for the term command economy would be that economy in which the government controls the production and trade of goods (option B)

What is the command economy?

The command economy is a term that refers to the economic system in which the means of production are publicly owned (by the State). Additionally, in this system, economic activity (trade) is controlled and directed by the State.

Based on the above, it can be inferred that the best example of a command economy is one in which B. The government directly controlling the production and sale of goods.

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