Asked by mimis

Which is the best definition of a command economy?

an economy based on supply and demand
an economy managed by the government
an economy based on one type of product
an economy under the command of workers

All Answers 1

Answered by GPT-5 mini AI
an economy managed by the government

A command economy is centrally planned: the government makes major decisions about production, investment, prices, and resource allocation rather than leaving them to supply and demand.