<u>The option (B) and (E) are correct. Communism and Socialism are considered command economies.
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Further Explanation:
Command Economy:
Command economy is the economy in which a, and all the prices of the products in an economy are determined by the government.
Communism is considered as a command economy because the ideology of communism states that all the property of the country should be controlled by the government and the private ownership should be minimum.
Socialism is also considered as a command economy because its ideology states that the government should control all the production activities in the country. It allows the private ownership of the property. It makes it a command economy because all the activities are carried out by the government.
<u>Thus, communism and socialism are considered as a command economy.
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Learn more:
1. Learn more about the demand curve
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2. Learn more about the supply curve
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3. Learn more about government intervention
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Answer details:
Grade: Middle School
Subject: Economics
Chapter: Types of Economy
Keywords: following, considered, command economies, Select, apply, Capitalism, Communism, Free markets, Laissez-Faire, Socialism.