What is a command economy and what are the advantages of a command economy?

2 answers:

4 0

A command economy is one that is controlled by a central authority - usually the government. The government controls the resources, allocates the resources, dictates the use of resources and the allocation of the products created by those resources. Under a command economy, there is generally full employment and the government can respond quickly in times of crisis.

ladessa [460]3 years ago

3 0

A: A command economy<span> is one in which a centralized government controls the means of production. ... There are </span>advantages<span> and disadvantages of </span>command economy<span> structures. </span>Command economy advantages<span> include low levels of inequality and unemployment and the common good replacing profit as the primary incentive of production.</span>

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