Ask Question
22 February, 09:41

Read the information above about two countries, Country A and Country B. Which of the two countries shows signs

of having a command economy? Explain your answer.

+2
Answers (1)
  1. 22 February, 09:51
    0
    A command economy is where a central government makes all economic decisions. Either 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 its goals.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Read the information above about two countries, Country A and Country B. Which of the two countries shows signs of having a command ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers