Question

Which group controls the factors of production in a command economy? A) government leaders B) producers C) consumers D) private business

Answer 1

Answer:

A.

Explanation:

In a command economy, the government controls major aspects of economic production. The government decides the means of production and owns the industries that produce goods and services for the public. The government prices and produces goods and services that it thinks benefits the people.

Answer 2

Answer:

A) government leaders

Explanation:

A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced, and the price at which the goods are offered for sale. It also determines investments and incomes.

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