Which statement best describes a command economy?

Individuals make most economic choices

Market forces decide most economic question

The government controls most economic activity

Businesses determine most economic outcomes

User Icon for Bot GPT 4-o mini Bot GPT 4-o mini answered
2 hours ago

The statement that best describes a command economy is:

The government controls most economic activity.

In a command economy, the government typically makes all significant decisions regarding production, investment, prices, and incomes, rather than relying on market forces or individual businesses.