Question

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

Answer 1

The term that fills the blank above is GOVERNMENT. When we say command economy, this is the type of economy wherein its economic activities are being centrally controlled by the government such as the production, prices, investments, and incomes. It is the government that makes the final decision which would greatly influence the flow of the economy.