Which of the following factors of production is unlikely to be found in a

command economy?

Question

Celia Morales

Business

3 February, 02:48

Which of the following factors of production is unlikely to be found in a

command economy?

+3

Answers (1)

Know the Answer?

Mombod · Answer 1

A. Entrepreneurship

Explanation:

A command economy is a form of economic system in which the government decides the method of production, price of the goods, and the sale of the goods in the market. It is the opposite of the free market economy. Such type of economy is found in the communist society where the government plays the role of the supreme authority. All the economic activities are controlled by the government while the means of production can be owned by the public.

Which of the following factors of production is unlikely to be found in acommand economy?

Which of the following factors of production is unlikely to be found in a

command economy?