Question

Which of the following best describes a command economy?

Answer 1

The answer is D, economic decision making is made by the state or government. Some of examples of command economies include North Korea and the former Soviet Union.

Answer 2

Answer:

D. Economic decision making is made by the state or government

Explanation:

In a command economy, present in socialist societies, the resources and business activities are controlled by the state or government. In countries with a command economy, such as North Korea, the government controls the economy as well as the use and distribution of income.