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3 years ago

Which of the following are considered command economies? Select all that apply

History

2 answers:

Ainat [17]3 years ago

5 0

<u>The option (B) and (E) are correct. Communism and Socialism are considered command economies. </u>

Further Explanation:

Command Economy:

Command economy is the economy in which a, and all the prices of the products in an economy are determined by the government.

Communism is considered as a command economy because the ideology of communism states that all the property of the country should be controlled by the government and the private ownership should be minimum.

Socialism is also considered as a command economy because its ideology states that the government should control all the production activities in the country. It allows the private ownership of the property. It makes it a command economy because all the activities are carried out by the government.

<u>Thus, communism and socialism are considered as a command economy. </u>

Learn more:

1. Learn more about the demand curve

brainly.com/question/8794304

2. Learn more about the supply curve

brainly.com/question/2195487

3. Learn more about government intervention

brainly.com/question/6156396

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Types of Economy

Keywords: following, considered, command economies, Select, apply, Capitalism, Communism, Free markets, Laissez-Faire, Socialism.

BigorU [14]3 years ago

5 0

Answer: Options B and E

Explanation:

A command economy is those in which the government decides what things must be produced and the prices.

Capitalism and free markets are the opposite of it, so we can discard those ones.

Laissez-Faire has basses in the freedom of choice, so here again, we have a free market.

Now, with communism and socialism the government has the power to, for example, control the prices of some things in order to make it more accessible for some group, or control the amount of some item that a person can buy.

So the correct answer is B communism and E socialism

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