Economy, asked by random1student, 2 months ago

Explain some of the differences between command and free market economic systems.

Answers

Answered by asharajendran35
1

Explanation:

So, a command economy often means large surpluses or shortages of products and services. ... The command economy is unlike a free-market or capitalist economy. In a free-market economic system, manufacturing and production are based on the powers of supply and demand with little or no government intervention.

While a free market economy is a market system whereby the pricing of goods and services is primarily determined by the sellers and buyers, and is hence based on demand and supply, a command economy is an economy whereby the market syst

Answered by Jahnavi008
2

Answer:

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Explanation:

and see the above attachment

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