Answer:
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Explanation:
A command economy typically has:
- The demand and the supply controlled by the government.
- Prices that are artificially controlled.
- Resource allocation is determined by macroeconomic considerations, as opposed to those of small firms or business owners.
The most famous example was that of the former Soviet Union.
Answer:&
Explanation:nsbxusbejsjxjwbeishdb
Answer:
refers to the organization of a market, based mainly on the degree of ... Economists define market structure according to four main characteristics. ... Many producers and consumers- Having a large number of participants in a market helps ... of their products; in such a market, prices are no longer set by supply and demand.
Explanation:
