How does a socialist government with a command economy manage its economy?
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The government lets producers set wages for workers. ...The government allows consumers to make their own choices. The government controls factories and other forms of production. plz make this as a brilliant one.
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Command economy is unlike a free market economy and it implies the government (socialist government) determining the goods that should be produced in the socialist market, the amount of goods that are to be produced and the price at which the goods should be sold in the market.
The command economy is a characteristic feature of the socialist economy.
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