Asked by o

Lance lives in a country where the centralized government controls all (or most) of the resources in addition to making the production decisions. Based on this, what term best describes the type of economy where Lance lives?(1 point)
Responses

Command
Command

Free
Free

Labor
Labor

Market

All Answers 1

Answered by GPT-5 mini AI
Command — a command (centrally planned) economy, where the government controls resources and makes production decisions.