1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Helen [10]
2 years ago
10

What are the features of a command economy? Check all that apply.

History
2 answers:
Ghella [55]2 years ago
5 0

Answer:

I. Personal property is prohibited.

II. The government decides what is made.

III. The government controls prices and supplies.

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Free market economy.

III. Traditional economy.

IV. Command economy.

A command economy is also known as planned economy and it can be defined as a type of economy in which the government owns and control the means of production.

Societies that operates a command economy generally practice communism.

Communism is a system of philosophical, political, social organization and economical ideologies that advocates the elimination of private property but a profit-based economy with public ownership of the means of production.

It ultimately aims to ensure each person contributes and receives according to their abilities and needs.

Vietnam, China and Cuba are examples of communist countries that operate a command economy.

The features of a command economy include the following;

I. Prohibition of personal property i.e private ownership of properties is generally prohibited.

II. The government is saddled with the responsibility of deciding what is produced or made in the country.

III. The prices and supply of goods and services is typically controlled by the government.

In conclusion, a command economy requires that the method of exchange, distribution, as well as the means of production of goods and services and allocation of resources for production should be controlled or regulated by the public (government) rather than the private sector.

Mnenie [13.5K]2 years ago
4 0

Answer:

the last three

Explanation:

You might be interested in
PLZ ANWSER WILL MAKE BRAINEST WORTH 28 POINTS
givi [52]

Answer: hmm i think they said  the "the pen there strongest weapon and book" because knowledge is there strongest weapon? sorry if i'm wrong i don't know .-.

Explanation:

4 0
3 years ago
Help me on this bc I don’t know the answer <br> And u know this mannnnn
kirill115 [55]

Answer:

Much of Michaelangelo's painting's were not emotionally expressive.

Explanation:

Michaelangelo's paintings were done in the Renaissance but we hyper realistic.

4 0
3 years ago
Read 2 more answers
Why did the end of the First World War create the situation that would lead to another war?
gizmo_the_mogwai [7]

Answer:

Nations that gained or regained territory or independence after World War I. France: gained Alsace-Lorraine as well as various African colonies from the German Empire, and Middle East territories from the Ottoman Empire. The African and Middle East gains were officially League of Nations Mandates.

4 0
3 years ago
Read 2 more answers
Which two major nations did not join either the Warsaw Pact or NATO? Why did they choose to be neutral?
olga nikolaevna [1]

A major neutral country was, as an example, Yugoslavia (the leader non-aligned movement), which supported trade relations with both NATO and the Warsaw Pact. In the later years of the Cold War, China, became mostly neutral (though some may say that they became more Western Aligned). Throughout the Cold War, India officially didn't join any alliance, however they were often supported by the Soviet Union in conflicts against China or Pakistan.

7 0
3 years ago
6. How does the Constitution ensure that state governments have a
maxonik [38]

Answer:

they have a equal amount of power as the federal government. IDK if that's what you need but I hope it helps in some way

Explanation:

5 0
3 years ago
Other questions:
  • What is population density?
    5·2 answers
  • History question down below
    9·2 answers
  • History is the recorded story of the interaction between _____, ____ and ____.
    5·1 answer
  • Population growth in developing countries is high primarily because of the availability of .
    10·2 answers
  • Please answer asap
    14·2 answers
  • The main function of the executive branch is to
    13·1 answer
  • Which definition correctly identifies immigration?
    14·1 answer
  • PLEASE HELPPPP!!! Evaluate the advantages of both the Union and the Confederacy in the Civil War? Which proved to be most signif
    11·1 answer
  • What was the Spinning Jenny used for?
    8·1 answer
  • Why were language barriers a<br> problem in the Middle<br> Colonies?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!