Who Makes Economic Decisions In A Command Economy
Camila Farah
Government agencies may also set prices or give consumers rations directly.
A command economy is where a central government makes all economic decisions. What is a centrally planned economy. A the monarch b private business c the central government d the workers 1 see answer answer 2. A centrally planned economy also known as a command economy is an economic system in which a central authority such as a government makes economic decisions.
Government pricing and production decisions. A communist nation like the former soviet union cuba north korea work according to this system. Who makes economic decisions in a command economy. It doesn t rely on the laws of supply and demand that operate in a market economy.
Either the government or a collective owns the land and the means of production. In a command economy the government makes the economic decisions. In this system the government also manages even income and investments. Alecia44 1 jd3sp4o0y and 1 other learned from this answer the answer is c the central government makes all economic decisions.
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