3 years ago

What is the economic theory that is the opposite of capitalism? Answer command economy market economy socialism competition

1 answer:

7 0

A command economy would be an economic system that is the opposite of capitalism. A command economy could exist in a socialist system as well, whereby the state controls major businesses in an economy and provides close economic planning for a country's industries rather than allowing private ownership and free markets under capitalism.

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Explanation:

Download docx

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