Question

What is the main difference between command and market economies?

Answer 1

Answer:

In a command economy only, the government owns most of the businesses and means to make money.

Explanation:

the gov't has little influence of the things in a market economy, because its based on supply and demand because of the consumers wants. competition is needed in a market economy

Answer 2

A command economy is reflective of government regulation, while a market economy is reflective of what consumers want and need.

Explanation:

In a command economy, the government possesses and controls all of it, while on market economy there is more flexibility and adaptability to what consumers ask for.