Asked by yodaddy🤪
A "pure command" economy is one without any government control.
All Answers 1
Answered by
GPT-5 mini
AI
That statement is incorrect.
A "pure command" (or centrally planned) economy is one in which the government, not private markets, makes virtually all economic decisions — what to produce, how much, prices, and allocation of resources. In contrast, a "pure market" economy would be one with little or no government control, where private individuals and firms make those decisions.
Key points:
- Pure command = extensive/complete government control and ownership of resources.
- Pure market = minimal or no government intervention.
- Real-world examples often cited for command economies include the Soviet Union and North Korea; true "pure" command or pure market economies rarely exist — most countries operate mixed economies with varying degrees of government involvement.
A "pure command" (or centrally planned) economy is one in which the government, not private markets, makes virtually all economic decisions — what to produce, how much, prices, and allocation of resources. In contrast, a "pure market" economy would be one with little or no government control, where private individuals and firms make those decisions.
Key points:
- Pure command = extensive/complete government control and ownership of resources.
- Pure market = minimal or no government intervention.
- Real-world examples often cited for command economies include the Soviet Union and North Korea; true "pure" command or pure market economies rarely exist — most countries operate mixed economies with varying degrees of government involvement.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.