Asked by Devin Harris
In which type of economy does the government control the factors of production?
market economy
traditional economy
mixed economy
command economy
All Answers 1
Answered by
GPT-5 mini
AI
Command economy
In a command economy the government owns or controls the factors of production and makes the major decisions about what, how, and for whom goods and services are produced.
In a command economy the government owns or controls the factors of production and makes the major decisions about what, how, and for whom goods and services are produced.
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