Question

Which statement best describes a command economy? Government intervention in economic choices is strictly forbidden. The government determines economic choices and makes most decisions. The decisions made by producers and consumers drive all economic choices. Producers and consumers make some economic choices while the government makes others.

Answer 1

Explanation:

Characteristics of a command economy

Five Traits of a Command Economy. A command economy is where a central government makes all economic decisions. Either the government or a collective owns the land and the means of production. It doesn't rely on the laws of supply and demand that operate in a market economy.

Answer 2

The Government determines economic choices and makes most decisions statement best describes a command economy.

Explanation:

• 'Command economy' is a structure where a government primarily decides a state's wealth and resources.
• The government controls the consumption and production of goods and services, that included what and how much is generated and consumed. The free market is the reverse of a command economy. It is the key feature of the communist society of any nation.

Learn more about command economy

The goal of a command economy is to

A) create equality within a society

B) mixed-market

C) Both A & B

D) None of the above

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What were two effects of the command economy in the Soviet satellite states?

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