How does a command economy answer the basic

questions of WHAT, HOW, and FOR WHOM to produce?

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Social Studies

24 October, 06:18

How does a command economy answer the basic

questions of WHAT, HOW, and FOR WHOM to produce?

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Micheal Lindsey · Answer 1

Command Economies: In a command economy, governmental planning groups make the basic economic decisions. They determine such things as which goods and services to produce, their prices, and wage rates. Cuba and North Korea are examples of command economies.

How does a command economy answer the basicquestions of WHAT, HOW, and FOR WHOM to produce?

How does a command economy answer the basic

questions of WHAT, HOW, and FOR WHOM to produce?