In a command economy, the government typically controls production and distribution of goods and services, leading to certain economic characteristics that differ from those of a market economy. The events more common in a command economy than in a market economy include:
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People with lower incomes have the same goods as people with higher incomes. - In a command economy, goods are distributed more uniformly, regardless of income.
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People wait in long lines for cheap goods. - Shortages are common in command economies, leading to long lines for essential goods that are priced low or subsidized by the government.
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Young college graduates have difficulties finding jobs. - Job markets can be rigid and centrally planned in command economies, which may not align well with the skills of graduates.
The other options related to the emergence of new businesses, food waste due to lines, and technology development are more characteristic of a market economy, where supply and demand drive innovation and business creation.
So the selections would be:
- People with lower incomes have the same goods as people with higher incomes.
- People wait in long lines for cheap goods.
- Young college graduates have difficulties finding jobs.
1 answer