Question

Which of the following is true in a command economy?

Answer 1

Answer:

According to command economy, the government decides which goods are produced is true.

Option: (C)

Explanation:

• In command economy, government determination made by central planners what product will be produced, how much of goods and services to be produced and what cost to the consumers.

• Each and every decision is made by the controllers government and all business are controlled by control planners of government.

• The supplies and even the demands is also be determined by the government.