Question

compare how goods and services are distributed and the freedom of consumers and producers in command economies and free market economies. Your answer should be at least 300 words in length. the passage "An economist named Leonard Read wrote an essay called "I, Pencil" making the extraordinary claim that no one person has the knowledge of how to make something as simple as a single pencil. He went on to prove his point by tracing the origins of all the components of a single pencil and showing how each was the result of complex processes from all over the world. In Read's view, the remarkable fact about the pencil, and every other product in the marketplace, is that no one person directs its production or would even know how to, yet pencils are produced cheaply and efficiently every day.

Answer 1

I cannot write the entire essay for you, but here are some differences:

Command Economy: production and prices are controlled by the government

In a free market, consumers' demand determine what is/should be made and how much to charge.