Asked by khare
What is a characteristic of pure command economies?
The government controls major industries.
The government encourages entrepreneurship.
Production decisions are based on cultural traditions.
Production decisions are based on supply and demand.
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The government controls major industries.
In a pure command economy, central planners make production and distribution decisions and own or control most resources and industries (unlike market, which uses supply/demand, or traditional, which uses cultural customs).
In a pure command economy, central planners make production and distribution decisions and own or control most resources and industries (unlike market, which uses supply/demand, or traditional, which uses cultural customs).
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