When comparing command economies to market economies, the following statements are generally relevant to command economies:
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People with lower incomes have the same goods as people with higher incomes. - This is typically a characteristic of command economies, where the government often attempts to equalize access to goods regardless of income.
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People wait in long lines for cheap goods. - In command economies, it can be common for shortages of goods to occur, leading to long wait times for basic products.
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Young college graduates have difficulties finding jobs. - This can happen in command economies, where the state controls employment and may not align job availability with the aspirations of graduates.
The other statements, such as those about new businesses starting to fill unmet needs, waste of food, and companies developing new technologies, are more characteristic of market economies where innovation and entrepreneurship are encouraged.
So, the applicable responses to your question regarding characteristics of command economies would be:
- People with lower incomes have the same goods as people with higher incomes.
- People wait in long lines for cheap goods.
- Young college graduates have difficulties finding jobs.
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