Which Best Describes a Command Economy

By Ra_Makenzie27 11 May, 2022 Post a Comment

Socialist government that provides some regulation. An economy managed by the government.

Central Planned Economy Economics Help

A The production of goods and services is determined primarily by government but the allocation of goods and services is determined primarily by markets.

. Drag and drop each statement into the box with the economy it best reflects. Is the best definition of a command economy. An economy based on one type of product.

The objective of a command economy is noble and virtuous which eliminates the general population from the fear of the insecurity related to their basic needs. Command economy market economy Business owners make decisions about how to run their companies. Which statement best describes a command economy.

Market economy- an economy that relies chiefly on market forces to allocate goods and resources and to determine prices. Log in for more information. A The production of goods and services is determined primarily by government but the allocation of goods and services is determined primarily by markets.

Representative government that provides no regulation. An economy managed by the government. Is the best definition of a command economy.

An economy under the command of workers. An economy under the command of workers. An economy managed by the government.

View the full answer Transcribed image text. Command economy- An economic system in which the government controls a countrys economy. Question and answer Which is the best definition of a command economy.

The production of goods and services is determined primarily by markets but the allocation of goods and services is determined primarily by government. Command economy is a form of economic system where production levels and rates are determined centrally by the government instead of demand-based production as like in case of market driven economy. An economy managed by the government.

The government decides how much of an item should be produced. An economy where strong controls are imposed by the ruling authority best describes a command economy. In countries with a command economy such as North Korea the government controls the economy as well as the use and distribution of income.

A command economy tends to exist under a democratic government that provides little regulation. In a command economy present in socialist societies the resources and business activities are controlled by the state or government. Which statement best describes a command economy.

Communist government that provides a lot of regulation. An economy based on supply and demand. Question 5 of 19 50 Points Which statement best describes a capitalist economy.

The production of goods and services is determined primarily by government but the allocation of goods and services is determined. Which of the following best describes a command economy. Communist government that provides a lot of regulation.

An economy based on one type of product. An economy based on supply and demand. The production and allocation of goods and services is determined primarily through government.

Difference Between Free Market Economy And Command Economy Difference Between