Which statement best describes a command economy?

Government intervention in economic choices is strictly forbidden.
The government determines economic choices and makes most decisions.
The decisions made by producers and consumers drive all economic choices.
Producers and consumers make some economic choices while the government makes others.

The command economy is a government-run system that determines the quality of goods to be produced, the quantity to be produced, and the price of goods at the point of sale while ignoring the free market. The system is also useful for calculating earnings and investments.

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ayfat23 ayfat23 · Answer 2 · 2022-02-02T12:39:06+01:00

The statement that best describes a command economy is The government determines economic choices and makes most decisions.

What is command economy?

command economy can be regarded as the type of economy that the affairs of the market is been controlled by the government.

Therefore, in command economy, the government determines economic choices and makes most decisions.

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