Question
.government owns the factors of production
.government answers the question of who, what and how to produce.
. Government eliminates choice and competition.
Which term matches this type of economic system
.government answers the question of who, what and how to produce.
. Government eliminates choice and competition.
Which term matches this type of economic system
Answers
GPT 3.5
The term that matches this type of economic system is "command economy" or "centrally planned economy."