In a pure command economy, the goods and services that a country produces, the quantity in which they are produced, and the prices at which they are sold are all dictated by the interaction of demand and supply.

True / False.

Question

Efrain Cain

Business

5 November, 04:13

In a pure command economy, the goods and services that a country produces, the quantity in which they are produced, and the prices at which they are sold are all dictated by the interaction of demand and supply.

True / False.

+3

Answers (1)

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Baby Doll · Answer 1

Answer: false

Explanation:

In a pure command economy, the goods and services that a country produces, the quantity in which they are produced, and the prices at which they are sold are all dictated by the government.

The government also owns or controls all the factors of production.

while in a free market economy, the goods and services that a country produces, the quantity in which they are produced, and the prices at which they are sold are all dictated by the forces of demand and supply.

In a pure command economy, the goods and services that a country produces, the quantity in which they are produced, and the prices at which they are sold are all dictated by the interaction of demand and supply.True / False.

In a pure command economy, the goods and services that a country produces, the quantity in which they are produced, and the prices at which they are sold are all dictated by the interaction of demand and supply.

True / False.