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
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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
The best definition of a command economy is:
B. an economy managed by the government.
In a command economy, the government makes all decisions regarding the production and distribution of goods and services, rather than allowing market forces of supply and demand to dictate these processes. This system often aims to achieve specific economic and social objectives defined by the state. If you have more questions or need further assistance, feel free to ask!