Which is the best definition of a command economy? A. an economy based on supply and demand
B. an economy managed by the government
C. an economy based on one type of product
D. an economy under the command of workers
Which is the best definition of a command economy?
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The best definition of a command economy is B. an economy managed by the government.
In a command economy, the government makes all decisions about the production and distribution of goods and services. This includes determining what to produce, how much to produce, and at what price to sell. This system contrasts with a market economy, where decisions are made based on supply and demand. If you have more questions or need detailed assistance, feel free to check the extended services page!