which event would be more common in a command economy than a market economy?

1 answer

In a command economy, events such as government-directed resource allocation, central planning decisions, and state control over production are more common than in a market economy. For example, the government may decide to prioritize the production of certain goods, such as military equipment or consumer staples, regardless of consumer demand. This contrasts with a market economy, where supply and demand determine production and resource allocation. Additionally, situations like the imposition of production quotas on industries or the regulation of prices by the state would typically occur more in a command economy.