What is the goal of a command economic system?

Question

Haven Howe

Social Studies

23 August, 19:50

What is the goal of a command economic system?

+5

Answers (2)

Know the Answer?

Jacquelyn Oconnell · Answer 1

These include quotas and price controls. Its goal is to supply enough food, housing, and other basics to meet the needs of everyone in the country. It also sets national priorities. These include mobilizing for war or generating robust economic growth.

Fowler · Answer 2

Answer: The goal of a command economy is to make food and houses available for the people, provide the basic necessities of life for the people such as health care, education and so on.

Explanation:

A command economy is an economy in which the means of production and distribution are owned by the government. In essence, the government determines or decides which goods are to be produced, the quantity that will be produced, where the goods are to be distributed to and the prices of the goods. Hence, the goal of a command economy is to provide food, housing, health care, education and so on for the citizens.