The term that best describes the type of economy where Lance lives, where the centralized government controls all (or most) of the resources and makes production decisions, is "Command."
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
Free
Free
Command
Command
Labor
Labor
Market
Market
1 answer
1 answer