One of the characteristics of a command economy is <u>the government controls the prices of most goods and services.
</u>
<h3>Further explanation
</h3>
A command economy is where the government makes all economic decision. It doesn't allow market forces such as demand and supply to determine what, how much, and at what price they should produce goods.
The goals of the command economy are to create equality within a society and to use resources to maximize social welfare.
Five characteristics of the command economy are:
- The government creates a central economic plan.
- The government allocates all resources according to the central economic plan.
- The central economic plan makes prioritize for goods productions and services.
-
The government owns monopoly businesses.
- The government creates laws and regulation to enforce the central economic plan.
Another type of economic system is a market economy, traditional economy, and a mixed economic system. Nowadays, many command economies began adding aspects of the market economy, we call it a mixed economic system.
<h3>Learn more
</h3>
The goal of the command economy brainly.com/question/1362251
Characteristic of command economy brainly.com/question/2065265
The function of the economic system brainly.com/question/12060180
Keywords: command economy, central government, characteristic of a command economy, economic system
Answer:
Although Mexico's war of independence pushed out Spain in 1821, Texas did not remain a Mexican possession for long. It became its own country, called the Republic of Texas, from 1836 until it agreed to join the United States in 1845
<span>Business people in intense competition with each other to produce a better, less expensive product or service are and always has been good for the economy of any country. When businesses are allowed to become too big to fail, to hire trained gunslingers in the form of expensive lobbyists and contribute heavily to the campaigns of candidates who provide those businesses favors, privileges, subsidies, tax cuts, etc., they cease to be good for the economy of our country.
Business owners hate unions because it gets in the way of them making money. The ego maniacal business owner values profit above treating employees with dignity or as a human being at all. Forcing an employee to skip lunch is the difference between earning $100 to $0.00. Unions are hated because they force business owners to do the right thing. Sometimes what is right keeps them from maximizing their profits. There are labor laws, however can be ignored when greed is involved. Most employers get away with it as opposed to employers who have employees with unions.
hope that helps...</span>
(Crime Control, Due Process, Justice, Rehabilitation)
<span>Justice</span>
<span>
</span>
<span>I'm still trying to get justice for my death!</span>
A golden tablet from Kublai khan