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Which characteristic is primarily associated with a command economy?
 
A) competition among suppliers in the market
 
B) centralized decision making about what will be produced
 
C) free access to the marketplace for producers
 
D) competition in the marketplace to provide consumer choice

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Ronaldo Mendoza
Ronaldo MendozaLv10
14 Sep 2020

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Related questions

Which of these is a characteristic of a pure command economy?
a. The goods and services that a country produces are planned by consumers.
b. All businesses are owned by the state.
c. Prices are determined by market forces.
d. There is free and fair competition between private producers.
the united states government is least likely involved in the nation's economy as a
 
A) consumer of goods and services.
B) planner deciding what to produce.
C) protector against false advertising and environmental hazards.
D) regulator charged with preserving competition in the marketplace.
 

Which of the following is a true statement about a command-based economic system:

a. a command-based economic system is characterized by centralized decision-making.

b. command-based economic systems are characterized by private property rights.

c. the government in a command-based economic system is only responsible for addressing market failures and enforcing contracts.

d. markets in a command-based economic system are responsible for making production decisions.

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