Question

How does a command economy differ from a mixed market economy?

 

(i) In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.

(ii) In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights.

(iii) In a command economy, citizens own all public property. In a mixed market economy, the government owns all public property.

(iv) In a command economy, citizens own all private property. In a mixed market economy, the government owns all private property.