A command economy is best described by the response: run by the government. In a command economy, the government makes all decisions regarding production, distribution, and prices, rather than relying on the market forces of supply and demand.
Which describes a command economy?
Responses
uses only free-market principles
uses only free-market principles
run by the government
run by the government
designed to protect private property
designed to protect private property
organized by producers and consumers
1 answer
1 answer