Which of the following is true in a command economy?

2 answers:

7 0

<span>Two statements that are true:

In a command economy all factors of production should be government owned or state owned.

</span><span>It does not allow private entrepreneurship

</span>

Lubov Fominskaja [6]4 years ago

5 0

A command economy is the one in which the market is dispensed with or has a secondary role in allocating resources. There are several planning models from which the consensus among economic factors arises through the socialization of the means of production in a decentralized environment and the active participation of producers and citizens (collective or community planning) to that organized by a central entity in which the entire economy of the region is coordinated (centralized planning).

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