The sentence describes a command economy. In a command economy, the central government has the authority to determine the allocation of resources and makes decisions regarding the production and distribution of goods and services.
What type of economy does the following sentence describe?
The central government has the authority to determine the allocation of resources and makes decisions on how these resources are used and what goods and services are produced and offered in the economy.
(1 point)
Responses
a central economy
a central economy
a mixed economy
a mixed economy
a command economy
a command economy
a market economy
1 answer
1 answer