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RSB [31]
3 years ago
9

What are some pros and cons of a command economy

Social Studies
1 answer:
7nadin3 [17]3 years ago
3 0
A command economy is where a central government makes all economic decisions. The government or a collective owns the land and the means of production. It doesn't rely on the laws of supply and demand that operate in a market economy. A command economy also ignores the customs that guide a traditional economy. In recent years, many centrally-planned economies began adding aspects of the market economy. The resultant mixed economy better achieves their goals.

Hope this helps and please put a like and mark me as brainlest?
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