Question

How does a command economy differ from a mixed market economy?

Answer 1

Answer:

In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property  rights.

Explanation:

Basically command economy is organized by government in which the state owns all the market of production. Hence resources are based on need instead of efficiency, we're as in Market economy there is no government intervention and it works under the assumption that efficiency will be achieved through rational self interest.

In command economy government decides the type of and quantity of goods produced. So it controls everything like price and distribution of services. command economy leads to the development another black or parallel economy as in command economy sufficient number of good is not produced therefor people chose another method to satisfy their needs.

Mixed economy can be considered exactly opposite of command economy as in this type of economy market is partly controlled by government and partly by people's. This economy mainly run on two factors :demand and supply .

These two factors controls everything like surge in the price of products. Unlike command economy ,in this type of economy there can be monopoly by one brands.