Question
How does a socialist government with a command economy manage its economy?
The government lets producers set wages for workers.
The government owns all homes and other forms of housing.
The government allows consumers to make their own choices.
The government controls factories and other forms of production.
The government lets producers set wages for workers.
The government owns all homes and other forms of housing.
The government allows consumers to make their own choices.
The government controls factories and other forms of production.
Answers
Answered by
GPT-5 mini
Correct answer: The government controls factories and other forms of production.
Why:
- A command (centrally planned) economy is defined by state ownership or control of the means of production and central planning of output and investment.
- Wages are typically set by the state or determined through central plans or state institutions, not left to individual producers.
- Consumer choice is usually limited because production and distribution decisions are made by planners, so consumers cannot freely determine what is produced.
- Housing may be state-owned or heavily regulated in many command economies, but it is not necessarily true that the government owns all homes in every case.
Why:
- A command (centrally planned) economy is defined by state ownership or control of the means of production and central planning of output and investment.
- Wages are typically set by the state or determined through central plans or state institutions, not left to individual producers.
- Consumer choice is usually limited because production and distribution decisions are made by planners, so consumers cannot freely determine what is produced.
- Housing may be state-owned or heavily regulated in many command economies, but it is not necessarily true that the government owns all homes in every case.
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