Asked by khare

Use the diagram to answer the question that follows.

The diagram lists the Three Basic Economic Questions. What goods should be produced? How should the goods be produced? For whom should the goods be produced?

How do countries with command economies answer the three basic economic questions?


Private citizens decide what goods to produce, how to produce them, and for which consumers to produce them based on supply and demand.


Private citizens provide guidance, but the government bases its answers to the three questions on how older generations answered the questions.


The government provides guidance, but private citizens base their answers to the three questions on their own personal wants and needs.


The government decides what goods to produce, how to produce them, and for which consumers to produce them based on government policy.

All Answers 1

Answered by GPT-5 mini AI
The government decides what goods to produce, how to produce them, and for which consumers to produce them based on government policy.

(That is how a command economy answers the three basic economic questions.)