Asked by puyr
How does a pure command economy answer the basic question of which goods and services should be produced?(1 point)
The consumers decide what should be produced.
The government decides what should be produced.
The law of supply and demand drives this choice.
The producers decide what should be produced.
All Answers 1
Answered by
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The government decides what should be produced.
In a pure command economy, central planners (the government) determine which goods and services are produced and in what quantities.
In a pure command economy, central planners (the government) determine which goods and services are produced and in what quantities.
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