Question

In a command economy, the __________ either makes most economic decisions itself or at least strongly influences how the decisions are made. group of answer choices

Answer 1

In a command economy, the government either makes most economic decisions itself or at least strongly influences how the decisions are made. group of answer choices.

Economic decisions involve production, distribution, exchange, consumption, saving, and investment of economic resources. Private and Public Goals. Economic decisions are made to serve the goals of individuals and private organizations (private goals) and society as a whole (public goals).

In reality, economics is a vitally important subject because it is the study of making choices. More specifically, it is the study and practice of making choices in a world of limited resources (scarcity). You cannot go for a day without making economic decisions.

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