A command economy is also known as…
a)a democracy.
b)a locally sourced economy.
c)a centrally planned economy.
d)none of the above
i think it is
b.

Respuesta :

C)a centrally planned economy because the central government has complete control over the economy.

The correct answer would be option C, Centrally planned economy.

A Command Economy is also known as The Centrally Planned Economy.

Explanation:

An economic system, in which the economy(including investment, capital and allocation of capital goods) is governed by a predefined economic and production plans, is called as the Planned Economy, or Command Economy, or Socialist Economy.

The system of planning in this economic system can either be centralized, decentralized or participatory.

This economic system is regulated by the Government. All decisions about the capital, lands, buildings, machinery, or other resources are taken by the government.

The production, prices, distribution, etc of the products or services are regulated centrally by the government.  

Learn more about Planned Economy at:

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